Answer: Accrual accounting
Explanation: Under the accrual method of accounting, the entity records the revenues and expenses in the period of their occurrence, regardless when the cash is exchanged.
In the given case, Porite is recognizing revenues in the same period for the account receivable of asset from which that revenue is generated. Hence, the receiving of revenue is not taken into consideration.
Hence, from the above we can conclude that the practice of Porite is an example of accrual accounting.
None of the above because none of these make sense to be the answer
The answer is Major Medical Expense Insurance. This is a health insurance policy that finances medical
expenditures sustained in wounds, disastrous occurrences or lengthy sickness, giving benefit
disbursements beyond the base sum funded by the insurance company.
This insurance encompasses more than doctor appointments
and surgical measures. Most plans cover approximately or entirely
your medicine drug charges plus services linked to health care.
Answer:
for mutual benefits
Explanation:
A joint venture is a business arrangement made between two parties that agree to come together and unite all of their resources in order to accomplish a specific common goal. Joint ventures are usually formed for mutual benefits, both companies involved benefit greatly from reaching the end-goal that they are working towards, but which neither company could do it without the other's resources.
