Answer: Option 2
First of all, the form must be checked to make sure data was entered into each form field that required it. This would need just loop through...
Answer: Option 2
Posting is the next step to Journalizing in accounting cycle. 10 Steps of Accounting Cycle are; Analyzing and Classify Data about an Economic Event. Journalizing the transaction....
Answer: Option 2
The accrual basis of accounting records revenues when they are earned. In other words, under the accrual basis of accounting, the receipt of cash and the payment...
Answer: Option 2
Under cash basis of accounting, revenue is recognized when Cash is received. Realizable means it is reasonable to expect that cash will be received in the future.
Answer: Option 4
In process costing method, when work done in current accounting period and beginning inventory before current accounting period, is classified as First-in, first-out method.
Answer: Option 4
Land on lease should be shown in Blance sheet contrary to the fact that the company does not own that piece of land is the implementation of...
Answer: Option 3
Cash flow statement shows the movement of cash and cash equivalents during an accounting period. A cash flow statement, also known as statement of cash flows or...
