<span>Many business software services are offered as running services, including applications geared for collaboration, scheduling, customer service, accounting, project management, and more.
A running service is a service that is ongoing and always running "in </span>the background". These services help facilitate so many actions of the business and how it operates. When these applications are running, they are able to streamline important parts of the business and work behind the scenes.
Payroll is your answer.
Payroll is a list that have all employees listed on it as well as the amount they were to be paid during a certain amount of time.
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Answer:
Explanation:
Goodwill is defined as the excess in amount of the purchase price of a company over the fair value at acquisition.It is intangible in nature , meaning it can not be physically separated from the other assets. Example are patent , brand name , good employee relation.
1.
Goodwill calculation
Purchase price - $2,500,000
Fair value - $1,800,000
Goodwill - $700,000
2.
No
Under the IAS 36, impairment of assets , goodwill is not amortized but annually tested for impairment as amortization is applicable to intangible assets with a definite useful life while intangible assets with indefinite useful life are annually tested for impairment to evaluate a loss in value experienced.
3
No
Under IAS 38 , Internally generated goodwill are not recognized as no related cost is incurred towards achieving a future benefit
Answer:
Debit Supplies $350, credit Cash $350
Explanation:
The journal entry for the purchase of supplies is shown below:
Office supplies A/c Dr $350
To Cash A/c $350
(Being the office supplies are purchased for cash)
Since the office supplies are purchased for cash which means the supplies are increased and the cash balance is decreased.
That's why we debited the supplies account and credited the cash account.
