Answer:
Explanation:
The journal entries are shown below:
a. Cash A/c Dr $1,239,000 (5,900 seasons × $210)
To Unearned basket ball tickets revenue $1,239,000
(Being the sale of the season tickets are recorded)
b. Unearned basket ball tickets revenue $103,250 ($1,239,000 ÷ 12)
To basket ball tickets revenue $103,250
(Being the revenue recognized)
The answer is D. It reduced their risk when cotton prices were low.
Answer:
A. human skills
Explanation:
Human skills -
It refers to the type of skills which a person have , giving the person excellent ability to interact , communicate with the team , in order to complete the project or assignment on time , is referred to as human skills .
The method enables the person to be one of the best manager , as helps , motivate and connect with the employees very efficiently , and hence the employees in turn gives their best result with proper handwork .
Hence , from the given scenario of the question ,
The correct answer is human skills .
Answer:
The correct answer that fills the gap is <em>d. before.</em>
Explanation:
Everything that happens in the business must be registered in the accounting system, so that the newspaper and the major contain a complete history of all the commercial operations of the period. If an operation or transaction has not been registered, account balances will not show the correct figure at the end of the accounting period.
The seats with which the accounts are adjusted or updated are called adjustment seats. If the adjustment does not affect an income or expense account, it is not an adjustment entry.
The income can be earned (accrued) before the cash is received from the client, or from accounting for the transaction in the accounting records. These are revenues that have been earned but the corresponding cash has not yet been collected.
The adjustments made to the income accounts are necessary to ensure that all income earned in the period has been recorded in the accounting. In order for the net profit to be expressed correctly in the income statement. There are two types of income adjustment:
- Cumulative income not collected.
- Customer advances.
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