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What do you mean by Purchase Return? Give an example.
Ans. Sometime the goods an organization orders are not up to the mark and they are not supposed to keep or accept so the same needs to be returned back to its supplier or vendor or seller, it can be whole of the goods or a part of the goods. For example a firm orders for 500 boxes of Pencil, on delivery it is found that the 100 boxes are broken, so all the 100 boxes will be returned back to the company, first the entry of whole 500 boxes will be recorded and then the returned 100 boxes will be recorded in the purchase return book and at the end of the month the total of Purchase Return it will be transferred to the Purchase Return Book.
What does a bookkeeper do? An accountant is responsible for handling the documents for a business's dealings. Ultimately the dealings will be registered in records within the bu
Y=C+1075x,when x was 2, and y was 239, given that y intercept was 11. calculate the residual.
Q. Illustrate Linear Correlation? Ans. In bivariate studies we are often interested in finding out whether there is a relationship between two sets of data. Are SAT score
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Why is interest expense a no operating expense? Attention cost is a no operating cost when it is not part of a business's primary functions. For example, a store's primary func
). Calculate Karl Pearson’s coefficient of correlation from the following data , using 20 as the working mean for price and 70 as the working mean for demand: Price: 14 16 17 18 1
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Maria runs a small business out of her home. She has expenses of $2,000 per year and uses the cash basis method of accounting. Her only employee is her cousin who works for her pa
Now imagine that consumption is given as: C = 400 + 0.9YD - 1,750i And as above: Y = PE = C + I + G + NX (Income identity)
Consider two firms producing an identical product in a market where the demand is described by p = 1; 200 - 2Y. The corresponding cost functions are c1 (y1) = y 2 1 and c2 (y2) =
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