Answer:
B-debit to Sales Discounts for $100
Explanation:
The journal entry is shown below to record the sale:
a. Accounts receivable A/c Dr $5,000
To Sales revenue $5,000
(Being merchandise is sold on a credit basis)
If the payment is made within 10 days, the journal entry would be
Cash A/c Dr $4,900
Sales discount A/c $100 ($5,000 x 2%)
To Accounts receivable A/c $5,000
(Being cash is received)
Answer:
The correct answer to the following question is option A) Discretionary accruals are items that management has full control over .
Explanation:
Non discretionary accruals can be described as those expenses ( that are obligatory in nature ) which are yet to be realized by the company but such expenses are already recorded in the books of accounts . Examples of such expenses can be like employees next month salaries.
Discretionary accruals can be described as those expenses ( that are non obligatory in nature ) which are yet to be realized by the company but such expenses are already recorded in the books of accounts . Example of such expenses are bonuses for the employees . These are such expenses on which management has full control ,as it not an obligation for a company to incurred such expenses.
Answer:
Personalia, work experience amd education