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Vladimir [108]
3 years ago
8

When should an Accountant user use the Write Off tool in QuickBooks Online?

Business
1 answer:
givi [52]3 years ago
7 0

Answer:

A. When a client has outstanding invoices that will not be paid

Explanation:

QuickBooks is an accounting application that was developed by Intuit. It is aimed at providing easy to understand accounting services to small and medium scale business owners.

The write off function on QuickBooks is used to reduce or cancel the amount on unpaid receivables, unpaid loans, or losses such as on stored inventory.

When a write off is done it reduces the amount in an asset account while simultaneously debiting a liability account.

So when a client has outstanding invoices that will not be paid, they can be written off

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Who should never use jargon? a surgeon giving orders to her staff a coach telling a quarterback what play to use a plumber order
Mazyrski [523]

A computer repair person talking to a customer should never use jargon.

<h3>What is Jargon?</h3>

Jargon is the specialized vocabulary that is connected with a specific field or activity. Jargon is typically used in a specific communicative context and may be difficult to understand outside of that context.

The context is usually a specific occupation, however jargon can exist in any in-group. This includes that a surgeon giving orders to her staff, a plumber ordering parts from a supply store, and a coach telling a quarterback what play to use.

A  computer repair person talking to a customer is not included in the use of jargon, as it does not require any specialized vocabulary in compare to the another examples given.

Therefore, option D is correct.

Learn more about the jargon, refer to:

brainly.com/question/9132901

#SPJ1

3 0
2 years ago
the fair value of Blossom is estimated to be $820,800. The carrying value of Blossom’s net identifiable assets, including the go
Greeley [361]

Answer:

Cullumber Company

Journal Entry:

Debit Loss on Goodwill Impairment $34,200

Credit Goodwill $34,200

To record the loss on goodwill impairment.

Explanation:

a) Data and Calculation:

Fair value = $820,800

Carrying value of net identifiable assets, including goodwill = $855,000

Goodwill impairment = $34,200 ($855,000 - $820,800)

b) Cullumber, which acquired Blossom is expected to check for the impairment of goodwill yearly.  The impairment occurs when the carrying value of the net identifiable assets of Blossom is more than the fair value of Blossom.  Generally Accepted Accounting Standards require the annual review of the fair value of goodwill to check for its impairment.  By the above entry, the goodwill will be reduced by $34,200 and a loss debited in Cullumber's accounts.

4 0
3 years ago
What is the role of peer assessment in the learning process?​
Cloud [144]

Answer:

Peer assessment or peer review provides a structured learning process for students to critique and provide feedback to each other on their work. It helps students develop lifelong skills in assessing and providing feedback to others, and also equips them with skills to self-assess and improve their own work.

6 0
3 years ago
Read 2 more answers
business ethics chapter 7 emily, a website designer, is hired by an organization to create an internal website that contains inf
Vitek1552 [10]

Answer:

The correct answer is Intranet.

Explanation:

An Intranet is a digital platform whose objective is to assist workers in generating value for the company, making available assets such as content, files, business processes and tools; facilitating collaboration and communication between people and teams.

6 0
3 years ago
A manager doing performance appraisals gives more weight to recent employee behaviors than to behaviors of 6 or 9 months earlier
stiv31 [10]

Answer:

The correct answer is letter "B": availability.

Explanation:

Availability bias or availability heuristic refers to individuals tending to relate the easiest judgment they can recall about a certain matter as its most suitable metric and even a metric that could predict future behavior on that topic. This happens because those people make assumptions based on what they can remember of that matter which might not be necessarily the most accurate input about it.

Therefore,<em> if a manager is measuring performance only placing focus on employees' recent and not past behavior, the manager is implementing availability bias.</em>

7 0
3 years ago
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