Double entry system means?

A law firm received $2,000 cash for legal services to be rendered in the future. The full amount was credited to the liability a

Elodia [21]

Answer: d. revenues to be understated.

If the services have been rendered but the revenue is not recorded it means that your accounts will show less revenue than you have actually earned as in accounting revenue is recognized as soon as the service is rendered, thus not recognizing the revenue when the service is rendered will understate the revenues.

Explanation:

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3 years ago

10) A blue ocean strategy A. B) involves a preemptive strike to secure an advantageous position in a fast-growing market segment

Zarrin [17]

Answer:

The correct answer is D) offers growth in revenues and profits by discovering or inventing a new industry or distinct market segment that renders rivals largely irrelevant and allows a company to create and capture altogether new demand.

Explanation:

The blue ocean strategy is a marketing theory that determines the need for organizations to forget about competition and focus especially on creating their own growth possibilities, which allows perceiving other variables that are of greater importance for business and that generally remain hidden due to the price war in which the market has been involved.

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4 years ago

Vermicelli Company plans to sell 300,000 units of finished product in July and anticipates a growth rate in sales of 5% per mont

Sergio [31]

I honestly don’t know sorry

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3 years ago

Dan Kim does a lot of customer research on his ideas for new products before actually making a prototype. In the new-product dev

ehidna [41]

In the new-product development process, this stage is called: Test Marketing.
Test Marketing is an experiment oversight in a field laboratory (the test market) comprising of actual store and real-life buying situations, without the buyers knowing they are partaking in an evaluation exercise.

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4 years ago

Read 2 more answers

How do you know what particulars are required in a journal entry

Blizzard [7]

$\huge\bold\blue{ AnSwEr}$

Whatever you were learning, write about it. Since this is post is in middle school, your teacher probably expects atleast half a page to be written in. Write about whatever was asked to be written in the entry. If you're reading a book for class, it may need to be a summary of what you read in the book. If you had an assignment, it's probably about the assignment. "Journal entry" means to write in your notebook, so this wasn't very clear what you need help with, ask a classmate about what assignment needs to be written about

AnSwEr bY : WZDGirl ❤

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3 years ago