Subject Table Department Table

question 35

Multiple Choice

Subject Table

Department Table

-Refer to the tables in Q2.How many records are present in the Lecturer Table?

• A)4
• B)5
• C)6
• D)30

Identify the rewards of entrepreneurial activity, including innovation and market opportunity recognition.

Define economic rent and factors determining it.

Explain the derived demand for land and its implications.

Analyze the impact of interest rates on investments and the valuation of future cash flows.

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Definitions:

Recognition Principle

An accounting concept dictating that revenue should be recognized in the income statement when it is realized or realizable and earned, not necessarily when cash is received.

Time Period Principle

An accounting principle stating that financial reporting should be done in regular intervals to ensure relevance and reliability.

Contra Account

An account used in an accounting system to offset a related account, commonly used to record depreciation, allowances, and discounts.

Normal Balance

The side of an account, either debit or credit, where increases to the account are recorded.