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Mashcka [7]
3 years ago
5

Michael's Yoga Studio have been entering bills for their purchases as they come in. They pay multiple bills once a week. They us

e Bank Feeds to record these transactions, posting to Cost of Goods Sold. They are an accrual-based company. What is best practice to remedy this with a minimum amount of work
Business
2 answers:
Tasya [4]3 years ago
4 0

Answer: They could either use the Income and expenditure  or purchases  journal too.

Explanation:  Because its a Yoga Studio,  lots of expenses will be made  and appropriate postings are to be entered on time.

Tom [10]3 years ago
3 0

Answer:

By using the purchase journal.

Explanation:

A purchase journal is an accounting journal used to keep record of items ordered through the use of account payable. Simply put, a purchase journal is the primary entry book used in recording credit transactions.

A purchases journal is the record of every acquisition made on credit at a particular period. It is a journal used for tracking the requests placed using accounts payable or vendor credit including the current balance indebted each vendor.

A purchase journal has different columns for recording the date, vendor's name, invoice number, invoice date, particulars, vendor's account, credit terms, and total.

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Answer:

True

Explanation:

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3 0
2 years ago
Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6,000 units during the year. The company has pr
Jobisdone [24]

Answer:

Option (A) is correct.

Explanation:

Given that,

Units sold = 6,000 units

Sales = $565,000

Selling and administrative expenses  = $67,000

Operating income:

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= $565,000 - ($305,000 + $14,000 + $43,000 - $42,000) - $67,000

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5 0
3 years ago
Which of the following items might require additional coverages on a Homeowners Policy?
Tanzania [10]

Answer:

c. pool

Explanation:

I think it is right answer of ur Question

5 0
2 years ago
Read 2 more answers
In title theory states what clause is unique to the mortgage?
stich3 [128]

Answer:

Since a defeasance clause conveys title upon satisfaction of the loan, these types of clauses are typically only used in title theory states where the bank holds ownership of the home until the mortgage is paid off.

8 0
2 years ago
Which of the following is not allowed by scrum refactoring velocity tracking relaease planning hardening sprints
Igoryamba

Answer:

(B) Hardening sprints

Explanation:

Hardening Sprints are not allowed because the subject of hardening should be continuously address throughout normal Sprints.

Or if the question has the following options:

Which of the following is not allowed in Scrum?

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b. Hardening Sprints

c. Release Planning

d. Using Planning Poker

Answer:

(B) Hardening sprints

Explanation:

Using Story Points, Release Planning, Using Planning Poker are not mandatory but allowed. Only hardening sprints are not allowed.

3 0
3 years ago
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