The office rent for the month, regardless of when paid, is a
Ans C
Expenses
The office rent paid or payable is our expenses.
Rent is generally taken to profit and loss account since rent paid is considered as an expense and rent received is treated as an income. Suppose if rent is paid in advance it is to be seen on asset side of the balance asset as an prepaid rent
The office rent for the month, regardless of when paid, is a completely e 16. (82-...
Item 16 Item 16 Which of the following is true? Multiple Choice Federal securities laws regarding the issuance of misleading financial statements apply not only to the independent auditors, but to management of the company as well. Attaining a passing score on the part of the Uniform CPA Examination that covers professional ethics is evidence of integrity and commitment to ethical conduct. The existence of generally accepted accounting principles (GAAP) virtually eliminates the need for professional judgment except in very...
Which of the following is true? Select one: a. The existence of generally accepted accounting principles (GAAP) virtually eliminates the need for professional judgment except in very unusual circumstances. b. Federal securities laws regarding the issuance of misleading financial statements apply not only to the independent auditors, but to management of the company as well. c. Attaining a passing score on the part of the Uniform CPA Examination that covers professional ethics is evidence of integrity and commitment to ethical...
NEW Q1. Sheila is a managerial accountant who has discovered that her company is violating environmental regulations of a third world country in its production of rubber at a plant in that country. Upper management is unaware of the violation, but her immediate superior is involved. Sheila has discussed this issue with her supervisor, and the supervisor has advised her to remain quiet about the matter. Sheila reasons that she should do nothing because her supervisor is her immediate authority...
A. Issues [1] In addition to damages for one year's notice period, can a trial judge award significant damages for the mere fact of an employee's dismissal, or for the stigma that that dismissal brings? Or for the employer thereafter competing with the ex-employee for the clients, before the ex-employee has got a new job? B. Basic Facts [2] This is an appeal from 2009 ABQB 591 (CanLII), 473 A.R. 254. [3] Usually a judgment recites facts before law. But...