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vazorg [7]
2 years ago
5

Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided. Terms:A. P

repaid ExpensesB. Unearned RevenuesC. Accrued RevenuesD. Accrued Expenses<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />Statements:1. A revenue not yet earned; collected in advance___2. Office supplies on hand that will be used in the next period___3. Subscriptions revenue collected; already earned___4. Rent not yet collected; already earned___5. An expense incurred; not yet paid or recorded___6. A revenue earned; not yet collected or recorded___7. An expense not yet incurred; paid in advance___8. Interest expenses incurred; not yet paid___
Business
1 answer:
lara [203]2 years ago
8 0

Answer:

Explanation:

1. Prepaid Expenses: In this transaction, the collection is made in advance so it will be come under prepaid expenses

2. Prepaid Expenses: In this transaction, the office supplies are used in the next period, so it will be treated as prepaid expenses

3. Accrued revenues: The subscription revenue is already earned, so it will be treated as a accrued revenues

4. Accrued revenues: The rent is earned but not collected, so it will be treated as a accrued revenues

5. Accrued Expenses: As the expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses

6. Accrued Revenues:  As the revenue is earned but not yet collected or recorded so, it will be treated as an accrued revenues

7. Accrued Expenses: As the interest expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses

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27. The organizational unit that represents the independent legal accounting entity in SAP is the ________.
Nesterboy [21]

The organizational unit that represents the independent legal accounting entity in SAP is the Company Code.

<h3>What is SAP?</h3>

A well-known enterprise resource planning (ERP) program is SAP, or Systems Applications and Products. SAP establishes a centralized system for organizations that enables each department to access and exchange common data in order to improve the working conditions for all employees.

A company code in SAP is the smallest organizational unit of external accounting for which you can establish a totally self-contained set of accounts for transaction posting.

If there are external reporting requirements, such as segment reporting for that unit in the local currency of that country, you can also use a business code to indicate a legally dependent operating unit abroad (commercial place of work).

Therefore, The Company Code is the SAP organizational unit that reflects the independent legal accounting entity.

To know more about SAP refer to:  brainly.com/question/12228915

#SPJ4

5 0
1 year ago
Identify the following characteristics as primarily related to financial accounting​ (FA) or managerial accounting​ (MA):1. Help
DaniilM [7]

Answer:

Financial accounting is the aspect of accounting that is concerned with the summary, analysis and reporting of financial transactions related to a business.

While managerial accounting is the aspect of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information to help managers plan for the future, make decisions for the company, and determine if their plans and decisions were accurate and efficient.

1. Helps Creditors make lending decisions is related Financial Accounting.

2. Helps in planning and controlling operations is related to Managerial Accounting.

3. Is not required to follow GAAP is related to Managerial Accounting.

4. Has a focus on the future is related to Managerial Accounting.

5. Summary reports prepared quarterly or annually is related to Financial Accounting.

6 0
3 years ago
The decline in unit costs of a product or service that occurs as the absolute volume of production increases is known as
leva [86]

Answer:

A. economies of scale.

Explanation:

The economies of scale is the scale where the company has the advantage of the cost that reaped by the organization in the case when there is an efficient production. It could be accomplished when the level of production or the volume of the production rises by lowering the cost

Therefore as per the given situation, the option A is correct as it fits to the current situation

Hence, the correct option is A.

4 0
3 years ago
A private not-for-profit entity receives three large cash donations: One gift of $75,000 is restricted by the donor so that it c
kupik [55]

Answer:

$310,000

Explanation:

Calculation to determine the increase in the current year in net assets with donor restrictions

Using this formula

Net assets current year Increase=Restricted gift by donor+Restricted gift to pay salary+Restricted gift withheld+Unspent income earned

Let plug in the formula

Net assets current year Increase=$75,000+$95,000+$125,000+$15,000

Net assets current year Increase=$310,000

Therefore the increase in the current year in net assets with donor restrictions will be $310,000

8 0
2 years ago
Which of the following is not a characteristic of money?
Llana [10]

Answer:

This question is incomplete, here are the missing answers:

<em>a. medium of exchange</em>

<em>b. unit of account</em>

<em>c. backed by a precious metal</em>

<em>d. store of value</em>

<u>The answer is </u><u>c.</u>

Explanation:

Money has three general functions (characteristics):

- <em>medium of exchange</em> - Mainly created as the substitute of barter, money has the elementary use as an intermediary when exchanging goods or services.

- <em>unit of account</em> -  In order to compare the value of certain goods and services, it is essential to measure them. This is where money applies as unit of account.

- <em>store of value </em>- Given that the money is stable (purchasing power and limited inflation), it is a general option for storing value. That means it can always be easily exchanged into goods or services, no matter the time.

According to basic elimination, <u>c. is the correct answer</u>. Also, it is also known that <em>backing money with gold</em> or silver reserves is an old practice which is irrelevant for most currencies nowadays. Today, the government is backing up the value of its currency. Such money is called <em>fiat money</em>.

7 0
2 years ago
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