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Paul [167]
3 years ago
14

Accrual accounting requires that the cost associated with the failure of credit customers to pay their bills should be recorded

as an expense in the period when:_____________
Business
1 answer:
Pepsi [2]3 years ago
5 0

Answer:

Explanation:

Failure of credit customers to pay their bills is considered a bad debt in Accounting. This is recored as a bad debt expense in journal entries in the <em>period when the credit sale occurred</em>. This ensures that these bad debt expense matches the revenues earned during that period. In a company's financial statements, bad debt expense is recorded in the Income statement as <em>selling expenses.</em>

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Answer:

Demographic Environment

Explanation:

When looking at the macroenvironmet and the likely changes happening in there, one seems to look at the broader condition of the economy which can be impacted by the monetary and fiscal policies, as well as employment and inflation rates.

The demographic environment is part of the six forces of the microenvironment and should be considered first amongst the three items listed. With this, a company can be able to identify the exact target markets needed for their respective products or services .

7 0
3 years ago
A​ firm's database showed that the average value of all inventory items for the year was​ $7,650. the cost of goods sold was rep
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5 weeks  
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3 years ago
What type of coverage protects you if someone gets hurt on your trampoline or in your pool?
andrew11 [14]

Home owners Insurance


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3 years ago
If a country's economy is to sustain long-run economic growth, the business environment must be conducive to the consistent prod
Aliun [14]

Answer:

True

Explanation:

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