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mihalych1998 [28]
1 year ago
8

which statement best describes the sec rules relating to bookkeeping services? a. bookkeeping services are permitted if the indi

viduals performing these services do not also perform the audit
Business
1 answer:
mash [69]1 year ago
4 0

The statement best describes the SEC rules relating to bookkeeping services is an accountant generally cannot provide bookkeeping services to an SEC audit client.

The practice of regularly documenting your company's financial activities into arranged accounts is known as bookkeeping. It may also be used to describe the many recording methods that companies may employ.

A bookkeeper will make sure that all of a company's accounts are correct and current. Additionally, they will periodically report on those accounts so the owners and management are aware of their financial situation. Additionally, tidy accounts make it simple for accountants to intervene and handle their duties at the conclusion of the financial year.

To track income and spending as effectively as possible, a corporation must employ three different forms of accounting. Cost, management, and financial accounting are some of them.

The given question is incomplete, the complete question is:

Which statement best describes the SEC rules relating to bookkeeping services?

a. Bookkeeping services are permitted, as long as the individuals performing these services are not the same individuals performing the audit.

b. Bookkeeping services are permitted if the fees from these services are insignificant relative to the audit fees.

c. Bookkeeping services are permitted if the client agrees in writing to accept responsibility for the adequacy of these services.

d. An accountant generally cannot provide bookkeeping services to an SEC audit client.

To know more about Bookkeeping Services here

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The two major types of transaction that affects the international flow of money are b. debits and credits.
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What is the largest source of revenue in california?
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torisob [31]

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7 0
3 years ago
"if beginning inventory is $100,000, cost of goods purchased is $500,000, sales revenue is $1,000,000 and ending inventory is $1
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<u>Calculation of cost of goods sold under a periodic system:</u>


It is given that the beginning inventory is $100,000, cost of goods purchased is $500,000, and ending inventory is $130,000. The cost of goods sold can be calculated as follows:

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Hence, the cost of goods sold is<u> $470,000</u>



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