Explanation

The sum of the deviations of a given set of observations from their arithmetic mean is always zero.

It is due to the property that the arithmetic mean is characterized as the center of gravity.

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

Selling expenses can include:

Distribution costs such as logistics, shipping, and insurance costs.

Marketing costs such as advertising, website maintenance, and spending on social media.

Explanation

In financial accounting, debt is a type of financial transaction, that is distinct from equity. 

Debt financing is the opposite of equity financing, which entails issuing stock to raise money. 

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

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

A petty cash fund is a small amount of company cash, often kept on hand (e.g., in a locked drawer or box)

Explanation

Intangible Services are not tangible we will not touch them they are not material.

Explanation

Banks realize dividends and interest on behalf of customers is included in the agency

Explanation

The primary functions of a commercial bank are:

accepting deposits and also lending funds.

Deposits are savings, current, or time deposits.

Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdrafts discounting of bills, etc.