Business, 31.08.2021 01:00 kenken2583
Which of the following statements are TRUE? Positive economics focuses on the way the economy actually works. Normative economics involves value judgments. Positive economics is primarily based on value judgments Normative economics statements cannot be verified empirically (by observations). Positive economics statements cannot be verified empirically (by observations) Normative economics is based on the scientific method Normative economic assertions are defended by logical arguments based in generally accepted normative principles. Normative economics is just a matter of opinion so it need not be takes seriously.
Answers: 3
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Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000. ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account. iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620. iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account. v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books. required: 1. prepare the journal entries to correct the errors. (narrations required) 14.5 marks 2. prepare the suspense account showing clearly the original trial balance error. 8 marks
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Business, 22.06.2019 11:20
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Business, 23.06.2019 05:40
Which two tasks does an industry safety and health engineer perform?
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Which of the following statements are TRUE? Positive economics focuses on the way the economy actual...
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