Answer:
b. Entails striking a balance between financial objectives and strategic objectives
Explanation:
The balance score card is the score card that reflects the performance trend from which the organization will be able to take the acts, decisions accordingly.
This may implement measures for financial as well as strategic. The financial could be in terms of income, past performance, solvency, equity, repayment, etc. While the strategic could be in terms of objectives, setting targets and goals so that the business organisation could able to achieve within their prescribed time
The answer is B. Thanks for your question! Don't forget to rate and give me the brainliest answer! Then, I can help you with all your problems! ^-^ ~
Answer:
(a) <u>Under Cash Basis of accounting</u>
Revenues and expenses are recorded either when payment is made or payment is received. It relates to accounting receipts and payments. The drawback of this approach being, it ignores accounting period as it places relevance on actual receipts and payments.
(b) <u>Under Accrual Basis of Accounting</u>
Under accrual basis, a transaction is recorded when income is earned and when expenditure is incurred and not when actual cash for the same has been received and paid for.
Accrual system of accounting is more prudent form of accounting and ensures transactions relating to a period are recorded and accounted for in that particular period.
