Answer:
accounting is a process of analysis and summarising business and financial transactions and verifying the reporting the results...
follow me
 
        
             
        
        
        
Answer:
The answer is B. is designed to match revenues and expenses. 
Explanation:
Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.
 
        
             
        
        
        
Answer:
It is more convenient to produce in house.
Explanation:
Giving the following information: 
Direct materials $ 4.00
Direct labor 8.00
Overhead 9.00
Total costs per unit $ 21.00
Direct materials and direct labor are 100% variable. The overhead is 80% fixed. An outside supplier has offered to supply the 61,000 units of RX5 for $19.00 per unit.
The fixed costs are unavoidable, therefore we will concentrate the analysis in the variable costs.
Make in house:
Unitary cost= 4 + 8 + (9*0.20)= $13.8
Buy= 19
Difference= 19 - 13.8= 5.2
It is more convenient to produce in house.
 
        
             
        
        
        
Answer:
1,2,4,3
Explanation:
Liquidity measures how quickly an asset can be converted and used as a medium of exchange. 
$50 bill is the most liquid because it can be readily used as a medium of exchange without any conversion.
The funds in a savings account is the second most liquid because because it must first be withdrawn from a bank account before it can be used as a medium of exchange. It can be converted to a medium of exchange within a day. 
A bond issued by a publicly traded company is the third most liquid because it takes a longer period for it to be converted to cash.
A boat is the least liquid because it takes a long while to find a buyer for a boat.
I hope my answer helps you. 
 
 
        
             
        
        
        
Answer:
Explanation:
Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  
Total assets = Total liabilities + stockholder equity  
The debit and credit side of the balance sheet should always be equal and balanced.  
Moreover, it always is prepared on the specified date.
The land is a fixed asset and patents is an intangible asset. Thus these items would not come in the current asset section
The preparation of the current assets section of the balance sheet is presented in the spreadsheet. Kindly find the attachment below: