The fourth step in the analyzing and recording process is to transfer (or post) entries from the journal to the ________.

What will be an ideal response?


ledger

Business

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A useful tool for understanding and persuading that combines basic analytical thinking with recognition of the special features of the underlying legal system is ________.

A. sociological jurisprudence B. legal reasoning C. analytical reasoning D. legal positivism

Business

Pascal is a buyer for Kelly Benjamin department store in Kentucky. While Pascal was buying visiting California, he found a solar car on sale for $3,000. Pascal contracts to buy the car for Kelly Benjamin, who wants to buy a solar car. Kelly instructs the seller to ship the car. Under these circumstances:

A. Kelly is not liable since Pascal made the purchase. B. Pascal is considered to have ratified the contract. C. Pascal and Kelly are both liable on the contract. D. Kelly is considered to have ratified the contract.

Business

Compensating balances are kept separate from the Cash account balance on the balance sheet

Indicate whether the statement is true or false

Business

The cost complement is an average figure based upon the total cost of merchandise and its total retail value

Indicate whether the statement is true or false

Business