Answer:
The correct answer is letter "B": record revenue only after you have earned it.
Explanation:
Revenue Recognition is an accounting term that describes how and when a company reports revenue in its ledger. It is also part of the Generally Accepted Accounting Principles (GAAP). Using the accrual accounting method, revenue must be recorded when it is earned not when the company collects the cash proceeding.
Answer:
The answer is B. Liabilities
Explanation:
This is known as deferred revenue and Deferred Revenue is being treated as liability.
Even though, the money for the service or product has been received, the service to be rendered or the goods to be delivered is still in the future. And because it will be enjoyed by the customer in the near future, it is being treated as a liability.
Answer:
mapping activities, improving process and executing processes.
Explanation:
Process analysis is a method used by management of a business to evaluate various processes in the entire organisation or in a department.
The main focus of process analysis is increased efficiency of the process under consideration.
Process analysis considers the process itself, parties that interact in the process, and information exchange structure.
Also improvements to current practice is identified for future implementation
Answer:
Comparative advantage
Explanation:
Comparative advantage - In economic it is refer to that advantage that one have more ability to provide products and it's service at lower price than competitor.
In the given question, countries in south america has more advantage o producing efficient coffee than other counties due to preferable climate
Answer:
B. A violation of establishment of responsibility
Explanation:
They both should have established something different to work on but for both of them to work the same cash register, it is a violation of establishment of responsibility