In a centralized organization, policies and procedures are usually _____.

1 answer:

4 0

Mandated by the authority figures in said organization. Even if the policies and procedures seem to be lacking in the wisdom department, the policies and procedures need to be followed to the best of ones abilities as laid out by said authority figures.

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A company that uses a job order costing system would make the following entry to record the flow of direct materials into produc

jonny [76]

Answer:

debit Work in Process Inventory, credit Raw Materials Inventory.

Explanation:

For reasons of accounting principles, the physical inventory must have priority to that of the continuous method; since the first constitutes information of greater objectivity and can therefore serve as a reference point to determine if there are missing or surpluses in the inventories, which after being well purified, can be adjusted through the cost of sale account and the inventory account accordingly if the permanent inventory turns out to be greater than the physical one, the cost of sale account must be debited for the amount of the difference, while the inventory account will receive a credit for the same value.

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3 years ago

If you take out a loan, which two things do your loan payments go toward?

Fofino [41]

Answer:

D. Principal and interest

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3 years ago

A company uses an application that controls who can connect to a sensitive database and what they can do. What is this security

elena-14-01-66 [18.8K]

This security feature is known as Access control.

Companies protect their data in different ways to give access to their users. They usually provide the access to the users by the process of authentication and this data is covered by the layers of protection by the guest pages. In guest access, users are allowed to research the limited stuff of the company.

The access control feature of the institution is controlled by the back end of the application or the site. There are many layers of controlled accessibility for the users by which they can access sensitive data at some point.

The database is the overall data related to the company staff in any application or website. Users are authenticated by the layers of protection and after that, they are being controlled through their data which is given to the company layers of protection which in terms are the source to control the scam and theft.

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2 years ago

Under the allowance method, Bad Debt Expense is recorded

AVprozaik [17]

The correct option is A.
Under the allowance method, bad debt expense is recorded FOR AN AMOUNT WHICH THE COMPANY ESTIMATES IT WILL NOT COLLECT.
Allowance method is a method of accounting that is used to estimate the amount of uncollectibles at the end of each financial period. Uncollectibles refers to debts which the company has no hope of ever collecting them again.

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3 years ago

Under the accrual basis of accounting:_________.

madam [21]

events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received.

Answer: Option C.

Explanation:

Accrual basis is a technique for recording bookkeeping exchanges for income when earned and costs when brought about. A key bit of leeway of the collection premise is that it matches incomes with related costs, so the total effect of a business exchange can be seen inside a solitary announcing period.

Accounting method that records incomes and costs when they are brought about, paying little heed to when money is traded. The expression "accrual" alludes to any individual section recording income or cost without a money exchange.

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3 years ago