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3 years ago

A disbursement voucher contains

Business

2 answers:

kykrilka [37]3 years ago

8 0

Answer:

the net payment amount after deducting applicable discounts and allowances.

Explanation:

It is a document or form made to authorize the writting of a check in favor of a third party. the departmetn in charge will approve the payment and emit this document for the net amount that is, free of discount allowance or adding adidtional charges or freights.

Leona [35]3 years ago

8 0

Answer:

The correct answer is letter "D": All of the above are correct.

Explanation:

A disbursement voucher is a sort of check given after goods are sold or services are rendered to individuals or other entities. Disbursement vouchers could be issued as payments -partial or total, reimbursements, or advances. Disbursement vouchers must come along with the invoice of the vendor indicating the items being exchanged and their costs.

Thus, disbursement vouchers can include payments and discounts -if any, the general ledgers accounts to be debited, and a list of outstanding invoices.

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When wages rise faster than labor productivity what happens

n200080 [17]

People either get hired to balance out how much a company is paying their employees, or the price of their priduuct increases to balance out how much money their employees are getting paid

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3 years ago

The adjusted trial balance of Lopez Company shows the following data pertaining to sales at the end of its fiscal year, October

Oksana_A [137]

Answer:

A) Prepare the revenues section of the income statement.

Lopez Company

Income Statement for the year ended MM DD, YY

Sales Revenue $852,850

-Sales Returns and Allowances $24,030

-Sales Discounts $12,760

= Net Sales $816,060

B) Prepare separate closing entries for

(1) sales

Dr. Cr.

Sales $852,850

Income Summary $852,850

(2) the contra accounts to sales.

Dr. Cr.

Income Summary $36,736

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Sales Discount $12,706

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3 years ago

Swan Finance Company, an accrual method taxpayer, requires all of its customers to carry credit life insurance. If a customer di

posledela

Answer:

Recognize an income/loan repayment of $1,300, and cancel the debt of $200 from the earlier recognition of income

Explanation:

Swan would only recognize an income/loan repayment of $1,300 having already recognized an initial income of $200 of the $1,500 owed before the death of the customer.

Accounting entries would be as follows.

Debit Bank account: $1,500

Credit income/loan repayment account: :1,300

Credit receivables: $200.

The credit of $200 in receivables would be treated as shown above due to the income of $200 already recognised and which would have been treated as follows when it was recognized,

Dr: receivables $200

Cr. interest earned $200,

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3 years ago

Fred bought life insurance five years ago. He forgot to tell them that he had a heart condition, and, as a result of that condit

Readme [11.4K]

Answer:

<h2>The answer, in this case, would be option a. or Incontestability clause.</h2>

Explanation:

In the context of life insurance provision, incontestability clause basically refers to the prevention of the denial of insurance service by the insurer on ground of falsification or fraudulent misrepresentation of relevant fact or information in the insurance application.
Incontestability clause is officially applicable following the effective implementation of the insurance policy at least for a particular time period, which is usually considered to be two to three years.
The clause is commonly applicable in the case of life and health or medical insurance policies.

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3 years ago

Prepare a monthly flexible selling expense budget for Cottonwood Company for sales volumes of $300,000, $350,000, and $400,000,

rodikova [14]

Answer:

Sales volumes $300,000 $350,000 $400,000

Total selling expenses $541,500 $595,750 $650,000

Explanation:

Basically, a flexible budget can be described as a budget that adjusts with changes in volume or activity.

Therefore, monthly flexible selling expense budget for Cottonwood Company which adjusts with sales volumes can be prepared as follows:

Cottonwood Company

Monthly Flexible Selling Expense Budget

For the Month .....

Details $ $ $

Sales volumes 300,000 350,000 400,000

Variable selling expenses:

Sales comm. (6% of sales) 18,000 21,000 24,000

Shipping exp. (1% of sales) 3,000 3,500 4,000

Misc. selling exp. (1.5% of sales) 4,500 5,250 6,000

Fixed selling expenses:

Sales manager's salary 120,000 120,000 120,000

Advertising expense 90,000 90,000 90,000

Misc. selling expense 6,000 6,000 6,000

Total selling expenses  541,500   595,750   650,000 

8 0

3 years ago