Explain the method of bookkeeping ?

1 answer:

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The two main accounting methods are cash accounting and accrual accounting. Cash accounting records revenues and expenses when they are received and paid. Accrual accounting records revenues and expenses when they occur. Generally accepted accounting principles (GAAP) requires accrual accounting.

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When the Federal government takes action to change taxes and spending to stimulate the economy such policy is:_________

vova2212 [387]

Answer:

c. Discretionary

Explanation:

The discretionary policy is the policy that depends upon the judgement of the people who made the policy. It also deals in the decision making with respect to the monetary and fiscal policy

So here in the given situation, it is mentioned at the time of taking the action by the federal government with respect to change in the taxes and the spending in order to stimulate the economy

So this situation represents the discretionary policy

therefore the option c is correct

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2 years ago

In which stage would you typically expect to see large negative Financing Cash Flows?

kvasek [131]

Answer:

a. Startup

Explanation:

The negative cash flows are when the firms are having more cash outflow than the cash inflow and spending of the company is more than the earning and thus experiencing a negative cash flow.

This is a situation is found in the growth phase as they demand more money to generated and spend money to fuel growth and acquire the new customers and that may be set up by the distribution channels.

Thus startup of the company or industry can show more negative cash flows.

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I need help on Personal Finance.

nikklg [1K]

Current market conditions

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3 years ago

Adrienne had contracted to convey real estate to rich. however adrienne died before the conveyance is completed. what is the sta

kondaur [170]

If he chose to, Rich can enforce the contract against Adrienne's estate. This is because, sickness or death of a promisor is not an avenue or excuse for non-performance in contracts such as this, which can easily be delegated to another person for performance.

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2 years ago

July 1 Sold $21,200 of computers to Company with terms 3/15, n/60. Riverbed uses the gross method to record cash discounts. Rive

Setler79 [48]

Question is incomplete. I will try to answer to the best of my ability.

Answer and Explanation:

The credit terms '3/15, n/60' and '2/10, n/30' mentioned in the question signifies the terms in which riverbed has sold its product to the buyer.

3/15, n/60 means that if the buyer pays with 15 days since the transaction takes place then the buyer would receive 3% on the receivable.

However, if they fail to pay within 15 days then the buyer would have to pay the full amount within 60 days.

Similarly, 2/10, n/30 means 2% discount within 10 days since the transaction took place. Otherwise full payment after 10 day.

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3 years ago

Explain the method of bookkeeping ?​

Explain the method of bookkeeping ?