Unite Ltd Provided a Loan of $1 000 000 to Its

question 40

Multiple Choice

Unite Ltd provided a loan of $1 000 000 to its subsidiary Inspire Ltd. Interest of $100 000 was charged during the year ended 30 June 2018. On consolidation, which of the following adjustments is needed at 30 June 2018 in relation to the interest charged?

• A) No adjustment needed
• B) Dr Interest revenue $100 000 Cr Interest expense $100 000
• C) Dr Interest expense $100 000 Cr Interest revenue $100 000
• D) Dr Retained earnings $100 000 Cr Cash $100 000

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Definitions:

PR Documentation

refers to the collection of records, evidence, and materials that outline public relations strategies, efforts, and outcomes in promoting a brand or organization.

PR Spending

The amount of money allocated by organizations to public relations activities, aimed at managing and enhancing their public image and communications with various stakeholders.

Writing Clearly

The practice of conveying messages in a straightforward and understandable manner, ensuring that the intended audience easily comprehends the text.

Effective PR

Effective PR encompasses strategies and tactics used by organizations to communicate positively with the public, clients, and stakeholders to maintain or enhance their reputation.