Answer:
<u>A Sales Call </u>
Explanation:
A sales call refers to a formalized meeting arrangement between the sellers representatives and the prospective buyer, with an intention to clarify the prospects doubts and effect a sale.
Such a meeting is usually a face to face meeting between the sales representatives and the prospective buyer.
In the given case, a sales team from Quanto is engaged in an in-person face to face meeting with a team from Real Mart to discuss purchase of computer hardware.
This represents a case of a sales call being conducted to eliminate buyer doubts and effect sales.
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:
Answer:
Interest payable $1,050
Explanation:
Based on the information given F the company's fiscal year ends on December 31st, Hillsmith should make a year-end adjusting entry to increase: INTEREST PAYABLE $1,050
Interest payable $1,050
(7%*60,000*3/12)
(October 1st December 31st=3 months)
In finance and accounting, accounts payable can operate as either a credit or a debit. Because accounts payable is a penalty account, it should have a credit balance.
<h3>Are accounts owed a debit or credit in normal balance?</h3>
Accounts payable (A/P) is a type of penalty account, so it stays on the credit side of the trial balance as the normal balance. It is the amount that we owe to suppliers for the interests or services that we have already acquired but have not paid yet.
Accounts payable (AP) is a short-term debt and a liability on a balance sheet where a corporation owes money to its vendors/suppliers that have provided the business with goods or services on credit.
To learn more about normal balance visit the link
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The data iuse
<span>use a 5% level of significance.
Very yes</span>
