Answer:
Date Account titles and description
20 No entry
26 No entry
31 No entry
31 No entry
Explanation:
1. Only $5,500 was submitted by Brett. No incorporated financial transaction
2. Owner not prepared to pay $5.500
3. Also Brett's provision for vehicle prices to be winterised will be $75.
4. Once Brett paid the salary ' under the table, ' the employee was willing to work $3 less per hour. Salary only fee not charged or due.
Thus, no log entry as well as T accounts have been completed.
Answer:
Debit entry - Accounts Receivables - $2,000
Credit entry - Sales - $2000
Explanation:
Due to the fact that it is a credit sale, it means that the cash would be obtained at a future date in time. Hence, until then, Mr Smythe is indebted to Able as he is a debtor. Once he pays what he owes to Able and the cash has been received, Accounts receivables would be credited with $2000 and cash would be debited with $2000.
Answer:
A. Cash basis $5,750
Accrual basis $11,400
B. Accrual basis
Explanation:
A. Calculation for the first year’s net earnings under the cash basis of accounting, and accrual basis of accounting
Cash basis Accrual basis
Service revenue
$21,900 $30,000
Less Operating expenses
$12,880 $18,600
Less Insurance expenses $3,270 $0
Net income $5,750 $11,400
B. Based on the above calculation the basis of accounting that provides more useful information for decision-makers is ACCRUAL BASIS OF ACCOUNTING.
<span>Burj Khalifa was designed to be the centerpiece of a large-scale, mixed-use development that would include 30,000 homes, nine hotels, 3 hectares (7.4 acres) of parkland, at least 19 residential towers,and the 12-hectare (30-acre) man-made Burj Khalifa Lake.</span><span>The decision to build Burj Khalifa is reportedly based on the government's decision to diversify from an oil based economy to one that is service and tourism based. According to officials, it is necessary for projects like Burj Khalifa to be built in the city to garner more international recognition, and hence investment. wanted to put Dubai on the map with something really sensational," said Jacqui Josephson, a tourism and VIP delegations executive at Nakheel Properties</span>
<span>When secondary research does not yield the result necessary to solve your problem, it will become necessary to complete primary research to accomplish the solution. This may be achieved through experimentation, measurement and analysis of new data to achieve a desired result.</span>
