Explanation

The World Wide Web -- also known as the Web, WWW, or W3 -- refers to all the public websites or pages that users can access on their local computers and other devices through the Internet.

World Wide Web (WWW)

World-Wide Web Worm (WWWW)

English scientist Tim Berners-Lee invented the World Wide Web in 1989.

WWW Birth place CERN near Geneva, Switzerland.

The browser was released for general public in August 1991.

Explanation

Preferred stock is a different type of equity that represents ownership of a company and the right to claim income from the company's operations.

Preferred stockholders have a higher claim on distributions (e.g. dividends) than common stockholders.

Explanation

The general reserve can be distributed among the shareholders.

The general reserve can be used for the distribution of dividends among shareholders when profit is insufficient.

Reserves and surpluses are shown on the liabilities side of the balance sheet.

Explanation

To have sufficient audit evidence means to have enough of it to support an opinion on the financial statements.

For example, if an auditor has sufficient audit evidence to express an unmodified opinion then this would mean that they are reasonably sure that the financial statements are free of any material misstatements.

Explanation

Strategies are developed by visionary managers in strategically managed entrepreneurial mode.

According to Mintzberg (1973), there are three basic modes of strategic planning.

These were termed by him as:

entrepreneurial mode,

adaptive mode,

and planning mode 

Explanation

Liabilities are Obligations.

Liabilities are the debts that a business owes to third-party creditors.

ND5-09-2023

Explanation

Goods returned by the customer should be debited to the Return inward account.

The journal entry for the above transaction will be

Return inwards/ sales return a/c      Dr.

   To Debtors a/c

Therefore, it will be debited to return the inward account.

ND5-09-2023

Explanation

Explanation

Bonus shares are issued by cashing in on the free reserves of the company.

The assets of a company also consist of cash reserves.

A company builds up its reserves by retaining part of its profit over the years (the part that is not paid out as dividends).

Explanation

The supervisor's salary is a manufacturing overhead cost as it is a factory cost,

it is also included in the conversion cost along with direct labor.