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V125BC [204]
3 years ago
15

The adjusting entry to record accrued revenue a.differs from the journal entry to record revenue on account. b.includes a debit

to a revenue account. c.includes a credit to an asset account. d.is the same journal entry as recording revenue on account.
Business
1 answer:
motikmotik3 years ago
8 0

Answer:

D.

Explanation:

To accrue means to grow or to accumulate over time. In accrual accounting, if the revenue recognition criteria are met in the current period, revenue will need to be accrued in the current accounting period even if cash will not been received until a later accounting period.

Accrued revenues is a type of account that require adjustment, to register the unrecorded revenues that have been earned and for which cash has not yet to be received.

The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue. If the sale is for cash, debit cash instead. The revenue earned will be reported as part of sales revenue in the income statement for the current accounting period.

It is the same for accrued revenue and for revenue on account.

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Over the first four years of the company's life, the company earned the following net income (loss): S $3,000; $6,000, and ($2,0
Klio2033 [76]

Answer:

The answer is D.

Explanation:

Total earnings in 4 years

= 6000 + 3000 + 6000 - 2000

= $13,000

Ending retained earnings after 4 years

= $10,000

Total amount paid out as dividend in 4 years

= $13,000 - 10,000

= $3,000

Average amount of dividends paid per year

= $3,000/4

= $750

5 0
3 years ago
When Joe screens job applicants to ensure that he hires the most qualified candidate, he is performing the human resource functi
saul85 [17]

Answer:

Candidate Screening

Explanation:

Candidate Screening process is one of the human resource function through which the top managers works for selecting the best candidate's applications out of all those applications received. It involves screening that is going through the candidates resumes and cover letters.

It is a method through which skimming is done that is rejection of the unrequired candidates is done. Under such a method the candidate's screening is done keeping in mind the qualifications and experience of the candidate fit for the required post in the organization.

It is a negative process because it involves rejection of the candidates applications.

6 0
3 years ago
Read 2 more answers
Before tuberculosis was understood to be a communicable disease, and before the discovery of antibiotics to treat it, a major ou
uranmaximum [27]
<span>Reduction in a nation's labor force would long-run aggregate supply curse to the left, representing a reduction in labor. This would tend to drive up labor costs over time. Presumably, the demand curve would remain static in the short-term. However, such a reduction would also impact the nation's consumption and thereby reduce the demand for products. This would in turn drive a decreased demand for labor (leftward shift) and apply downward pressure to wages. The answer to this depends on whether the questions is regarding short-term, medium-term or long-term labor supply/demand curve.</span>
7 0
3 years ago
Before going into a prospect's office, the secretary advised the new salesperson that her boss likes facts and figures and is su
Nookie1986 [14]

Answer: ANALYTICALS/ ANALYTICAL THINKERS

Explanation:

Analytical thinkers are known to use knowledge and facts to get to a decision. They prefer to know all they can about a subject before they comment on it and as such rarely jump to conclusions. They are usually introverted as well and prefer not to deal with others.

This is why it stands to reason that the prospect is an Analytical.

4 0
3 years ago
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You are an insurance salesman. If you make 12% on all insurance sales and sold an average $35,000 / month, how much money did yo
Zigmanuir [339]

Answer:

$50,400

Explanation:

To do this first start by multiplying .12 x 35,000. The answer should be $4,200. After this multiply 4,200 by 12 in order to get the amount of money earned over a 12 month period. This will give you $50,400.

5 0
3 years ago
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