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cash is not net income,it is part of wealth and can be used further in earning profit.
Account payable are a source of cash because when you increase your account payables, you are given credit on the assets you bought, which represent cash.
my guess is a cash sales slip not sure tho.
No. Its not required.
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
Slave Labor
Slave Labor ~
Slave labor
Slave Labor ~
Plantation colonies are large estates that grow cash crops.
labor shortages, slavery and cash crops led to the development of the Plantation system.
You buy slaves to pick the crops for you. that way when you sell the crops you dont have to use part of the crop money to pay the workers...?
there is not that much plantation
plantation farming of tropical cash crops such as sugar and pineapple required huge numbers of workers who labored long hours in hot climates. the need for labor in the Western Hemisphere turned slave trade into an industry.
plantation farming of tropical cash crops such as sugar and pineapple required huge numbers of workers who labored long hours in hot climates. the need for labor in the western hemisphere turned slave trade into an industry.
plantation
cotton (a cash crop) tobaco