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3 years ago

Which of the following is not an essential part of the accounting records?

Business

1 answer:

Molodets [167]3 years ago

7 0

Answer:

D. The worksheet

Explanation:

Accounting records are documents used to analyze and prepare financial statements. Accounting records are also documents which can be used to assess the performance of a company and also serves as source of records for audit purposes.

The followings are essential parts of accounting records; balance sheet, statement of cash flow, the ledgers , the journals, income statements etc.

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A _____ is a temporary work structure that starts up, produces products or services, and then shuts down.group of answer choices

pentagon [3]

A <u>project</u> is a temporary work structure that starts up, produces products or services, and then shuts down a group of answer choices.

A project is a collection of tasks that must be finished in order to achieve a certain goal. A project may alternatively be described as a collection of inputs and outputs necessary to accomplish a certain objective. Projects can be handled by one person or one hundred, and they can be simple or complicated.

Project objectives are the things you hope to accomplish by the project's conclusion. Deliverables and assets might be included here, as well as more abstract goals like raising motivation or productivity. Your project goals should be measurable outcomes that are time-bound, reachable, and detailed.

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Both provide financial compensation to the beneficiaries upon the policyholder’s death.

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3 years ago

Brief Exercise 13-14 Coronado Corporation sells DVD players. The corporation also offers its customers a 4-year warranty contrac

Iteru [2.4K]

Answer:

(a)Sale contracts

Dr Cash $2,100,000

Cr Unearned warranty revenue $2,100,000

b)Cost of servicing warranty

Dr Warranty expense $189,0000

Cr Inventory $189,000

(c)Recognized warranty revenue

Unearned warranty revenue $525,000

Explanation:

(a)Sale contracts

Dr Cash ($20,000 x105) $2,100,000

Cr Unearned warranty revenue $2,100,000

b)Cost of servicing warranty

Dr Warranty expense $189,0000

Cr Inventory $189,000

(c)Recognized warranty revenue

Unearned warranty revenue $525,000

($2,100,000 ×1/4)

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3 years ago