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saul85 [17]
3 years ago
5

What's the difference between current balance and available balance?

Business
1 answer:
pickupchik [31]3 years ago
5 0
Your current balance<span> is the amount of money in your account at the beginning of a business day. This amount does not include any pending deposits or withdrawals. Your </span>available balance<span> is your </span>current balance<span> minus any pending debit card purchases, automatic drafts, processing checks or other debits from your account</span>
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All of the following situations contribute to the need for a company to recognize deferred revenues, except for:
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Answer: C) mutually unexecuted contracts between buyers and sellers.

Explanation:

Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.

In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.

This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.

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4 years ago
Who is most likely to have strong strategy implementation capabilities? A. Chong advocates promoting qualified people from withi
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Answer:

C. Nataly typically probes with tough, incisive questions

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3 years ago
What MIGHT be a solution to unequal development applied by ASEAN, according to Vision 2020? A) free trade B) democratic election
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Answer:

The correct answer is letter "A": free trade.

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4 years ago
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In the given case John forgot to update the power point presentation leading to non availability of data that he needed to present. The first step in any process of presentation is data availability, so therefore, we can conclude that john will not be able to give his presentation.

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