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3 years ago

Which career requires less education than an auditor

Business

2 answers:

irinina [24]3 years ago

8 0

Clerk would be a possible answer

Luden [163]3 years ago

6 0

Answer:

mark brainliest :)

Clerk is a probability

Explanation:

Auditors require a fair amount of formal education. Learn about the education, job duties and certification requirements to see if this is the right career for you.

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Which of these could result from decreased federal spending?

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The primary difference between the accrual basis and the cash basis of accounting is: (You may select more than one answer. Sing

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Answer:

b The accrual basis records revenues when services or products are delivered and records expenses when incurred; AND -

d. The cash bases records revenues when cash is received and records expenses when cash is paid

Explanation:

Accrual basis of accounting states that transactions are recorded based on when they are entered into, irrespective of the cash exchange done or not. Revenues are recognised when buyer's liability to pay has been established, expenses are recorded when our liability to pay has been established. Debtors & Creditors, outstanding & prepaid expenses, accrued & prepaid income are all implications of this basis.

Cash basis of Accounting states that transactions are recorded based on when cash exchange has occurred. 'Liability to pay' or 'obligation to receive' have no relevance in this, it is only evaluated on the basis of cash transactions. 4 implications given in accrual basis are also inapplicable here.

Accrual basis is the more generally accepted one than cash basis, as it gives a true picture of enterprise performance in an accounting period.

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4 years ago

The following information was available from the inventory records of Sunland Company for January: Units Unit Cost Total Cost Ba

luda_lava [24]

Answer:

Cost of Ending Inventory $ 47,077.74

Units on Hand 31 Jan = 4,600

Weighted Average Cost= $ 10.24per unit

Explanation:

We divide the total cost with the total number of units to get the weighted average cost per unit.

Sunland Company

Units Unit Cost Total Cost

Balance at January 1 9000 $9.70 $87300

Purchases: January 6 6000 10.35 62100

<u>January 26 8300 10.73 89059 </u>

<u>Total Units</u> 23,300 238,459

Sales January 7 (7400 )

January 31 (11300 )

Units on Hand 31 Jan = 4,600

Weighted Average Cost= Total Cost/ Total Units = 238,459/ 23,300 =

$ 10.235≅ $ 10.24

Cost of Ending Inventory = 4,600*$ 10.24= $ 47,077.74

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