Answer:
When the goods or services are provided to customers.
Explanation:
Revenue recognition principle requires that the revenue berocorded when goods or services associated with it are delivered or performed. If you receive cash for the services to be performed then ot should not be recorded in the revnue until you provide the services. You should recorded it as the deffered income in the books.
Answer:
17.76
Explanation:
Deaths due to poisoning: P = 25,200
Deaths due to falls: F = 21,400
The percentage difference between the number of deaths due to poisoning and deaths due to fall is given by:
The number of deaths due to poisoning is 17.76 percent greater than the number of deaths due to falls.
Answer:
The correct options are C and A
Explanation:
Under the method of direct write off of the accounting for uncollectible receivables, the journal entry should be recorded in the books is as follows:
On September 15
Bad debt expense A/c.................................... Dr $675
Accounts receivable- Jacob Marley A/c........Cr $675
When the company is notified of the bankruptcy of the Jacob Marley, then the above following entry is to be recorded as the bad debt expense, got increases and any increase is debited. Therefore, the account of bad debt expense is debited. And the balance of the accounts receivable of Jacob Marley has been reduced because the amount is unrecoverable so any decrease is credited. Therefore, the account of accounts receivable of Jacob Marley is credited.
