Answer:
The Interest should be posted as an Income as Other Income in the Income Statement.
Explanation:
Interest income is the amount received by an entity from another usually a Bank for the use of its funds.
The recognition of Interest Income will be determined by the type of business of the entity. For income to be identified as under Business Operation income, it means it must be a huge source of revenue or part of its daily operations. A healthcare business is not in the business of loaning funds neither does it earns it major revenue from Bank deposits.
Answer:
Explanation:
dang u expect us to do that nooos
Answer: d. Taking the difference between the unadjusted balance in the allowance account and the desired balance of the allowance account.
Explanation: Bad debt expense is an unfortunate cost of doing business with customers on credit and recognizing bad debts leads to an offsetting reduction to accounts receivable on the balance sheet.
The balance-sheet approach for estimating bad debts expresses uncollectible accounts as a percentage of accounts receivable. That is, it takes the difference between the current balance of allowance for doubtful accounts and the amount calculated.
Therefore, if a company uses the balance sheet approach to estimate bad debt expense, bad debt expense for a period can be determined by taking the difference between the unadjusted balance in the allowance account and the desired balance of the allowance account.
Answer:
Accounts Receivable (baht)
3,000
Foreign Currency Transaction Gain
3,000
Explanation:
U.S. dollar equivalent value: = $31,000/.031 = 1,000,000
$31,000 = Baht 1,000,000 x $.031 March 1 spot rate
$34,000 = Baht 1,000,000 x $.034 May 10 spot rate
$3,000 = Baht 1,000,000 x (.031 - .034) Gain
1 dollar = 34.66 thai baht
Middle managers are the supervisors that carry out the day to day activities within department.
Explanation:
Middle managers work as an intermediate in an hierarchical organisation. Middle managers look after the problems faced by their subordinates and convey the problems to their superiors. Middle managers look after whether the work is properly done or not whether the production is happening in wide range or not. Middle managers also look after the activities that take place within departments. Middle managers guide the people working under the them as well as they try to solve the problems.