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Diano4ka-milaya [45]
1 year ago
11

True or false: GAAP require end-of-period adjustments for the estimated bad debts in the period of the credit sale even though t

he specific, non-paying customers have not yet been identified. True false question. True False
Business
1 answer:
Feliz [49]1 year ago
6 0

The given statement can be marked as true because the expense recognition principle requires an estimated expense be reported in the same period as the related credit sale rather than later when the customer is identified.

<h3>What is the GAAP?</h3>

GAAP refers to the Generally Accepted Accounting Principles, which is a set of collection of rules and procedures for financial reporting.

The purpose of GAAP is to create a consistent and comparable method of accounting which ensures that a company's financial records are complete and homogeneous.

It also gives a complete picture of the company's financial position.

Learn more about the GAAP here:-

brainly.com/question/24107590

#SPJ1

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The process of preventing exceptions from causing runtime errors is called
Molodets [167]
The process of preventing exceptions from causing runtime errors is called exception handling.
This type of handling deals with exceptions in particular, which are all anomalies that will prevent the computer from doing its usual job. So those exceptions will be handled even before they get the chance to cause errors which will disturb the operations that the computer is carrying out. 
4 0
3 years ago
Explain the marketing concept
Orlov [11]

Answer:

Marketing is the process of getting the right goods or services or ideas to the right people at the right place, time, and price, using the right promotion techniques and utilizing the appropriate people to provide the customer service associated with those goods, services, or ideas. This concept is referred to as the “right” principle and is the basis of all marketing strategy. We can say that marketing is finding out the needs and wants of potential buyers (whether organizations or consumers) and then providing goods and services that meet or exceed the expectations of those buyers. Marketing is about creating exchanges. An exchange takes place when two parties give something of value to each other to satisfy their respective needs or wants. In a typical exchange, a consumer trades money for a good or service. In some exchanges, nonmonetary things are exchanged, such as when a person who volunteers for the company charity receives a T-shirt in exchange for time spent. One common misconception is that some people see no difference between marketing and sales. They are two different things that are both part of a company’s strategy. Sales incorporates actually selling the company’s products or service to its customers, while marketing is the process of communicating the value of a product or service to customers so that the product or service sells.

7 0
3 years ago
Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivab
Zigmanuir [339]

Answer:

(a) Barton's investment

Date   Account Titles and Explanation               Debit       Credit

          Accounts receivables                              $44,900

          ($48,000 - $3,100)

          Equipment                                                 $90,000

                 Allowances for uncollectible                               $1,300

                 Barton Capital                                                       $133,600

           (To record Barton's contribution)

(b) Fallows' investment

Date   Account Titles and Explanation               Debit       Credit

          Cash                                                           $28,700

          Merchandise Inventory                             $60,500

                  Fallow Capital                                                      $89,200

           (To record Fallow's contribution)

3 0
3 years ago
Which of the following is NOT a role the Human Resources department plays when helping orient employees?
raketka [301]

Answer:

Analyzing new employee morale.

Explanation:

Employee Orientation is the day when an employee joins the company; his/her first day at work. The role that an HR plays to help orient employees is to ensure that the employee feels welcomed and comfortable.

HR would orient employee by introducing them to their co-workers, assist them in their adjustment phase, and also help them fill paperwork.

HR also introduces the new employees to the policies of company, expectations, also briefed about their work.

<u>The role that's not performed by an HR is that they do not analyze morale of new employee, instead they boost their morale and help them to get comfortable</u>.

Thus the correct answer is the last option.

4 0
3 years ago
Need help contact me!
Oliga [24]

Answer:

you need help in what???

7 0
3 years ago
Read 2 more answers
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