Description : (i) An incorporated association which is an artificial person created by law having perpetual succession is called _______
Last Answer : Complete the sentences : (i) An incorporated association which is an artificial person created ... under the Companies Act, 2013 are _________
Description : Concept which defines inequality among nation explained in cultural dimension is classified as A. power distance B. orientation distance C. expatriation distance D. repatriation distance
Last Answer : . power distance
Description : The paradox of Diamond is more costly than water is explained by (a) Marginal utility concept ;(b) Scarcity ; (c) Relative cost of production ; (d) All the three
Last Answer : ;(b) Scarcity ;
Description : What is the entity concept?
Last Answer : What is the entity concept?
Description : According to going concern concept a business entity is assumed to have– (A) A long life (B) A small life (C) A very short life (D) A definite life
Last Answer : Answer: A long life
Description : According to which concept, the proprietor pays interest on drawings a) Accrual concept b) Conservatism concept c) Entity concept d) Dual Aspect concept
Last Answer : c) Entity concept
Description : Business enterprise is separate from its owner according to _____ concept. a) Money measurement concept b) Matching concept c) Entity concept d) Dual aspect concept
Description : The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept. a) Money measurement b) Cost c) Entity d) Dual aspect
Last Answer : c) Entity
Description : Is the universe a perpetual motion machine?
Last Answer : I don’t think so because there is a loss of energy due to entropy. I’m not a physicist, and I very much could be wrong about this.
Description : Have the chat rooms reverted to their former state of perpetual vacuum?
Last Answer : I think it is a function of the constant log in log out things. I tried to sit in there last night but every few seconds it would beep as it kicked me and then logged me back in. So then I turned off the audio notifications but then when a real person came in I didn’t notice until they were gone.
Description : On what factors perpetual inventory system would be suggested for an automobile company?
Last Answer : I would think that their purchasing practices would be a factor. How much variability do they have in cost of parts?
Description : Did I just think of a perpetual motion device?
Last Answer : The planets’ orbits are not perpetual. Orbits deteriorate over time.
Description : Why a perpetual motion machine can never be built?
Last Answer : Need answer
Description : Why is a windmill not a perpetual motion machine?
Last Answer : Perpetual motion machines do not exist. There is no machine thatwill keep on moving by itself without any added power.Windmills are driven by the wind. When the wind stops blowing,the windmill stops turning.
Description : Where to get a Perpetual generator to produce 240 volts?
Description : What climate experiences seasonal periods of perpetual nights?
Last Answer : Arctic Winter
Description : This law of thermodynamics prohibits the construction of a perpetual motion machine “of the second kind” a. Zeroth Law of Thermodynamics b. First Law of Thermodynamics c. Second Law of Thermodynamics d. Third Law of Thermodynamics
Last Answer : Second Law of Thermodynamics
Description : A device that violates the second law of thermodynamics is called a ______. A. Perpetual motion machine of the second kind B. Universal machine of the second kind C. Ambiguous machine of the second kind D. Unique machine of the second kind
Last Answer : Perpetual motion machine of the second kind
Description : A device that violates the first law of thermodynamics is called a _____. A. Perpetual-motion machine of the first kind B. Universal machine of the first kind C. Ambiguous machine of the first kind D. Unique machine of the first kind
Last Answer : Perpetual-motion machine of the first kind
Description : A device that violates either the first law of thermodynamics or the second law of thermodynamics is known as _____. A. Ambiguous machine B. Universal machine C. Perpetual-motion machine D. Unique machine
Last Answer : Perpetual-motion machine
Description : A perpetual motion machine is (a) a thermodynamic machine (b) a non-thermodynamic machine (c) a hypothetical machine (d) a hypothetical machine whose opera-tion would violate the laws of thermodynamics (e) an inefficient machine.
Last Answer : Answer : d
Description : Which of the following represents the perpetual motion of the first kind (a) engine with 100% thermal efficiency (b) a fully reversible engine (c) transfer of heat energy from low ... its own energy (e) production of energy by temperature differential in sea water at different levels.
Description : In a perpetual inventory system, a return of defective merchandise by a purchaser is recorded by crediting a. Purchases. b. Purchase Returns. c. Purchase Allowance. d. Merchandise Inventory.
Last Answer : d. Merchandise Inventory.
Description : Under a perpetual inventory system, acquisition of merchandise is debited to the a. Merchandise Inventory account. b. Cost of Goods Sold account. c. Purchases account. d. Accounts Payable account.
Last Answer : a. Merchandise Inventory account.
Description : he journal entry to record a return of merchandise purchased on account under a perpetual inventory system would include a. Accounts Payable Sales Returns and Allowances b. Purchase Returns and ... Accounts Payable c. Accounts Payable Inventory d. Merchandise Inventory Cost of Goods Sold
Last Answer : d. Merchandise Inventory Cost of Goods Sold
Description : A physical count of inventory is taken at the end of an accounting period under a perpetual system in order to a. verify the accuracy of the accounting records. b. determine cost of ... period. c. determine the amount of inventory purchased during the period. d. calculate property taxes.
Last Answer : a. verify the accuracy of the accounting records.
Description : In a perpetual inventory system, a return of defective merchandise by a cash customer is recorded by crediting a. Accounts Payable and Cash. b. Merchandise Inventory and Cost of Goods Sold c. Purchases Returns and Allowances and Merchandise Inventory. d. .Cash and Cost of Goods Sold.
Last Answer : d. .Cash and Cost of Goods Sold.
Description : A merchandising company using a perpetual system may record an adjusting entry by a. debiting Income Summary. b. crediting Income Summary. c. debiting Cost of Goods Sold. d. debiting Sales.
Last Answer : d. debiting Sales.
Description : merchandising company using a perpetual system will make a. the same number of adjusting entries as a service company does. b. one more adjusting entry than a service company does. c. one ... than a service company does. d. different types of adjusting entries compared to a service company.
Last Answer : c. one less adjusting entry than a service company does.
Description : In a perpetual inventory system, the Cost of Goods Sold account is used a. only when a cash sale of merchandise occurs. b. only when a credit sale of merchandise occurs. c. only when a sale of merchandise occurs. d. whenever there is a sale of merchandise or a return of merchandise sold.
Last Answer : b. only when a credit sale of merchandise occurs.
Description : In a perpetual inventory system, the amount of the discount allowed for paying for merchandise purchased within the discount period is credited to a. Merchandise Inventory. b. Purchase Discounts. c. Purchase Allowance.
Last Answer : a. Merchandise Inventory.
Description : . If a purchaser using a perpetual system agrees to freight terms of FOB shipping point, then the a. Merchandise Inventory account will be increased. b. Merchandise Inventory account will not be affected. c. seller will bear the freight cost. d. carrier will bear the freight cost.
Last Answer : a. Merchandise Inventory account will be increased.
Description : A buyer would record a payment within the discount period under a perpetual inventory system by crediting a. Accounts Payable. b. Merchandise Inventory. c. Purchase Discounts. d. Sales Discounts.
Last Answer : b. Merchandise Inventory.
Description : The journal entry to record a return of merchandise purchased on account under a perpetual inventory system would credit a. Accounts Payable. b. Purchase Returns and Allowances. c. Sales. d. Merchandise Inventory.
Description : Under a perpetual inventory system, acquisition of merchandise for resale is debited to the a. Merchandise Inventory account. b. Purchases account. c. Supplies account. d. Cost of Goods Sold account.
Last Answer : d. Cost of Goods Sold account.
Description : f a company determines cost of goods sold each time a sale occurs, it a. must have a computer accounting system. b. uses a combination of the perpetual and periodic inventory systems. c. uses a periodic inventory system. d. uses a perpetual inventory sy
Last Answer : a. must have a computer accounting system.
Description : In a perpetual inventory system, cost of goods sold is recorded a. on a daily basis. b. on a monthly basis. c. on an annual basis. d. with each sale.
Last Answer : d. with each sale.
Description : Which of the following is a true statement about inventory systems? a. Periodic inventory systems require more detailed inventory records. b. Perpetual inventory systems require more detailed inventory ... perpetual system determines cost of goods sold only at the end of the accounting period.
Last Answer : b. Perpetual inventory systems require more detailed inventory records.
Description : A perpetual inventory system would likely be used by a(n) a. automobile dealership. b. hardware store. c. drugstore. d. convenience store.
Last Answer : a. automobile dealership.
Description : Detailed records of goods held for resale are not maintained under a a. perpetual inventory system. b. periodic inventory system. c. double entry accounting system. d. single entry accounting system.
Last Answer : b. periodic inventory system.
Description : Cost of goods sold is determined only at the end of the accounting period in a. a perpetual inventory system. b. a periodic inventory system. c. both a perpetual and a periodic inventory system. d. neither a perpetual nor a periodic inventory system.
Last Answer : b. a periodic inventory system.
Description : A perpetual bond does not have a fixed _________. a) interest rate b) maturity period c) duration d) underlying asset
Last Answer : b) maturity period
Description : Which of the laws of Thermodynamics is often invoked to discredit attempts at perpetual motion?
Last Answer : ANSWER: SECOND LAW OF THERMODYNAMICS
Description : An engine is supplied with 4 kW of heat energy. It is found that it produce 4 kW of work. Which kind of perpetual machine it is? Which law is violated? Also describe other kind of perpetual machine you know.
Last Answer : PMM-II: A heat engine which violates Kelvin plank statement of the second law of thermodynamics is known as Perpetual Motion Machine of the second kind (PMM-II). Or 100 percent efficient machine which is ... no machine can produce energy of its own without consuming any other form of energy.
Description : What is the difference between primary and secondary succession?
Last Answer : A: Primary succession occurs in an area where no soil or organisms are present, while secondary succession occurs in an area that has previously been inhabited by organisms but has been disturbed or damaged.
Description : What is the effect called, where a word loses all its meaning, when repeated over and over in rapid succession?
Last Answer : A platitude? Or baloney bologna.
Description : Just for giggles how well could you do a five-word A B C alphabetical succession game?
Last Answer : After being chastised, Danny exited.
Description : UK Jellies - what is your reaction to the new succession laws?
Last Answer : Anything to do with royalty leaves me cold, so I guess my answer must be indifference.
Description : How far down the Presidential Line of Succession can you get w/o cheating?
Last Answer : Vice-President, Speaker of the House, President Pro Temp of the Senate, I believe. (And then possibly Secretary of State.)