1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GuDViN [60]
3 years ago
9

Which of the following is the advantage of cash-based accounting?

Business
2 answers:
Katena32 [7]3 years ago
5 0

Answer:

The correct answer to the following question will be Option A (it is more accurate than accrual accounting).

Explanation:

<u>Cash-based accounting</u>

  • Cash accounting is a form of accounting where expenditure payments are reported during the time they are received, and expenditures are documented in the period they are paid in. In certain words, when cash is obtained and charged, the profits and expenditures are reported, respectively.
  • There are definite advantages for relying on the cash accounting basis for tax purposes. This accounting guarantees that taxes on money not yet collected are not paid; this increases profitability and ensures that funding is available through tax expenditures.

Therefore, Option A defines the Cash-base accounting benefit.

Alexxandr [17]3 years ago
4 0
A) it is more accurate than accrual accounting.
You might be interested in
The best time to visit a college campus is:
zmey [24]

Answer:

D.

Explanation:

4 0
3 years ago
Read 2 more answers
The expense recognition (matching) principle, as applied to bad debts, requires: Multiple Choice That bad debts not be written o
Charra [1.4K]

Answer:

The use of the allowance method of accounting for bad debts.

Explanation:

We use the allowance method to match the expected ad debt with the sales or account receivables which generates.

As sales of a givne month can be declared uncollectible after several month using a direct method we are putting the burden of the uncollectible in another accounting period while leaving the one which did that sale untouched.

The allowance makesthe expense in the same time period thus, it follows the recognition principle.

5 0
3 years ago
Read 2 more answers
Which of the following is a characteristic of a management control​ system? A. It deals with coordinating planning across the or
Katen [24]

Answer:

D. Helps managers to act rapidly and with autonomy

Explanation:

The management control system defines that every policy and procedure should be followed in a proper manner and work on new strategies for the benefit of the organization. It helps in managing the hierarchy level and differentiates the performance company resources like finance, marketing, sales, Human resource management, operations, etc.  

Therefore the management control system provides to work with sovereignty so that the work runs in a smooth and inefficient and effective manner. It also helps the managers to take the action quickly before things go out of control.

3 0
3 years ago
Which of the following individual achievements is not suitable to include in a college application?
satela [25.4K]

Answer:

Grade 6 spelling bee champion

Explanation:

it is not relevant by the time you are applying for college, and does not say very much about you as a person & what you like to do.

7 0
2 years ago
After an ems run, your partner suggests you write down vital signs differently than the ones obtained
SVETLANKA909090 [29]

During an EMS run and your partner instructed you and suggests you to do and write vital signs written differently than of the original record obtained, it would likely affect the treatment that could be administered in the patient. The vital signs are basic and yet they are important in a person’s data for they are a critical data and it is where medical professionals base their treatment and assessment to the patient. If this is written differently, not only will affect the treatment but it could also cause conflicts and there will be consequences to the people who are involved such as having suspended or fired in their line of work or having to have criminal charges.

5 0
3 years ago
Other questions:
  • Roll over each item on the left to read the description. Identify whether each of the statements is an argument for or an argume
    15·1 answer
  • Henry Ford famously mass-produced cars at the beginning of the twentieth century, starting Ford Motor Company. He made millions
    6·1 answer
  • Explain partner by estoppel ...and please follow me ​???
    6·1 answer
  • 1. The textbook describes how Political, Economic, and Cultural factors can influence international logistics. In terms of compl
    5·1 answer
  • Maple Corporation and its subsidiary reported consolidated net income of $380,000 for the year ended December 31, 20X5. Maple ow
    9·1 answer
  • has a target debt−equity ratio of 1.35. Its WACC is 8.3 percent, and the tax rate is 35 percent. If the company’s cost of equity
    9·1 answer
  • Cullumber Company reported the following information for 2020: Sales revenue $2410000 Cost of goods sold 1751000 Operating expen
    13·1 answer
  • *giving brainliest to the first correct answer*
    6·2 answers
  • Steve's Outdoor Company purchased a new delivery van on January 1 for $47,000 plus $4,000 in sales tax. The company paid $13,000
    5·1 answer
  • What is accounting ?​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!