1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
il63 [147K]
3 years ago
10

Fil in the blanks with options given in below:

Business
1 answer:
Andrej [43]3 years ago
7 0

Answer:

1. revenues

2. revenues

3. Incurred

Explanation:

Accrual basis is one of the methods used in preparing Financial statement. It records transaction when they are incurred or when they happen irrespective of whether cash has been paid or not.

Cash basis is a another one. It recognizes transactions only when the cash has been given.

Accrual basis accounting recognizes REVENUE when the service or product is delivered and records REVENUE when INCURRED in order to adhere to the matching principle

You might be interested in
What is a question that should be asked about accounts payable when forecasting?
charle [14.2K]

Answer:

In forecasting accounts payable, one of the relevant questions is:

What is the cash conversion cycle?

Explanation:

The variables used in computing the cash conversion cycle include accounts receivable days, inventory turnover days, and accounts payable days.  Specifically, cash conversion cycle (CCC) is the period in days that it takes the firm to convert cash into inventory, then into sales, and finally back into cash.  To gain a good understanding of accounts payable, one should always consider the major inclusive metric.

3 0
3 years ago
Who pays the tax does depend on who writes the check to the government?
mina [271]
Who pays the tax does NOT depend on who write the check to the government.
Who pays the check ultimately depend on the elasticity of supply and demand. This is because, suppliers have several ways of passing the taxes levied on them by the government to the consumers in form of increase in price of their products. But this also depend on the elasticity of the products, because if the prices are too high, some customers may decide to buy somewhere else or to go for a substitute.<span />
4 0
3 years ago
Which of the following is an essential part of being an entrepreneur?
Molodets [167]

Answer:

B. Taking risks.

Explanation:

4 0
3 years ago
If you could create one product that makes your daily life easier, what would that product be? How would that product work? Wher
Dima020 [189]

Answer:

Explanation:

one

two

three

for

ifve

sux

tevne

ehgt

nune

tez

6 0
3 years ago
When different sequences of operations are required for creating small batches of different products, the type of design or layo
damaskus [11]
Product design but I’m also a little convinced it’s also product layout
3 0
2 years ago
Other questions:
  • The market demand for wheat is Q = 100 − 2p + 1pb + 2Y . If the price of wheat, p, is $2, and the price of barley, pb, is $3, an
    9·1 answer
  • In this type of economy, the price consumers pay for goods and services is set by the government.
    8·1 answer
  • To get to a job site, you must travel 45 kilometers. How many miles will you travel? Round your answer to the nearest hundredth.
    12·2 answers
  • A company has revenue of $1000 in 2009. Our current estimate is that revenues will grow 25% per year. Our profit each year will
    5·1 answer
  • _ are unique because the technology is based on the human brain and focuses on pattern recognition from large data sets. A. Lear
    8·1 answer
  • Suppose that a there are two goods, X and Y. The price of Good X is $5 and the price of Good Y is $10. The seller of Good X offe
    7·1 answer
  • Positive Messages and the Writing Process
    6·1 answer
  • Fixed overhead was budgeted at $200,000, and 25,000 direct labor hours were budgeted. If the fixed overhead volume variance was
    9·1 answer
  • Please help!!
    11·1 answer
  • A company bills customers for services provided. the company records this transaction with a:_______
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!