In September, Hamza Limited Makes Cash Sales with a Net

question 13

Multiple Choice

In September, Hamza Limited makes cash sales with a net sales value of £2,400. The company is registered for VAT and charges VAT at the rate of 20% on the net sales value. What is the correct double entry to record these cash sales in the books of Hamza Limited?

• A) Debit cash £2,880, Credit sales £2,400, Credit VAT £480.
• B) Debit trade receivables control account £2,880, Credit sales £2,400, Credit VAT £480.
• C) Debit cash £2,400, Credit sales £2,000, Credit VAT £400.
• D) Debit trade receivables control account £2,400, Credit sales £2,000, Credit VAT £400.

Identify social traps and their implications for individual and group behavior.

Understand the role of social values and orientations in shaping conflict and cooperation.

Grasp the effects of competition and cooperation in group dynamics and individual behavior.

Understand the impact of power dynamics on conflict resolution and individual behavior in negotiation scenarios.

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Definitions:

Delegator

A leader or manager who assigns responsibility and authority for tasks and decisions to subordinates or team members.

Empowerment

The process of giving individuals or groups the autonomy, resources, and capacity to make decisions and take actions that affect their work or community life.

Delegation

The process of assigning and entrusting tasks and authority from one person to a subordinate.

Political Behavior

Actions by individuals or groups within an organization that are aimed at using power and social networking to achieve personal or organizational goals, often beyond formal job roles.