A cash payment received from a customer for a product purchased on account would be recorded as DEBIT TO CASH AND CREDIT TO ACCOUNT RECEIVABLE. Cash is debited because cash has been received by the company and it has to be debited to the asset account of cash. The account receivable is credited to record the fact that money has been received.
Northeastern cities are important trade centers.
T<span>he following statement does not correctly describe the economic role of a northeastern city.
</span>D. Providence is a city not a county where there are farms.
The difference is only in the strategy the company wants to use. For some market segments calculating the cost of goods sold by the permanent or periodic method may be more advantageous and allow a better monitoring of business efficiency and profitability. Companies often choose the method that best fits their organizational strategy. The periodic method, for example, as used by Kelty Industries, can be useful for greater input and output control, process optimization, consumer behavior assessment, and other advantages. But if Howe and Kelty wanted to change the calculation method, it would not affect anything, as the result would be the same regardless of the calculation, periodic or daily.
I would suggest livelihood programs that would maximize information and proper training to study on self-employment having a small income business (food, product) or service (home utility services and technical assistance) that people can do. Provided that the government would also allow people to have start-up loan for a business. Online employment can also be opened to them for freelance opportunity,
