Answer:
An insurance contract, like the ISO policy Harry purchased, has certain additional characteristics other than those of typical valid contracts.
Explanation:
Which one of the following is true for Harry?
Select one
A. An insurance contract, like the ISO policy Harry purchased, has certain additional characteristics other than those of typical valid contracts.
B. Harry understands his policy is modular one, combining various coverage forms and other documents especially tailored to his needs.
C. Harry can rest assured that if his new car is a total loss, he can expect to make a profit while being restored to his pre-loss financial position
D. As the policy is a contract of utmost good faith, both his insurer and his agent are the parties expected to be ethical in their dealings with one another.
Answer:
When the goods or services are provided to customers.
Explanation:
Revenue recognition principle requires that the revenue berocorded when goods or services associated with it are delivered or performed. If you receive cash for the services to be performed then ot should not be recorded in the revnue until you provide the services. You should recorded it as the deffered income in the books.
I will try my best to answer:
1. <span> c.$10,000
2. </span><span>a.Traditional Bank, Credit Union, Online Bank
3. </span><span>c.Use a budget to determine how much you can save, then automate the savings by direct depositing that amount from each paycheck
4. False
5. </span><span>c. Invest for your retirement in an IRA </span>
Answer:
Both single column cash book and double column cash book are similar because they both record cash payments
Explanation:
A cash book is a book or journal used to record all business transactions within a particular period like receipts, disbursements, bank deposits and bank withdrawals. They are different cash books namely: single column cash book, double column cash book and triple column cash book.
A single column cash book is used to record payments in form of cash while a double column cash book records both cash payments as well as bank transactions.
Both single column cash book and double column cash book are similar because they both record cash payments
