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2 years ago

Explain the method of bookkeeping ?

1 answer:

3 0

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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ABC Mart received a $20 freight bill for merchandise it purchased with freight terms of FOB shipping point. ABC Mart uses a perp

sukhopar [10]

Explanation:

The journal entry is as follows:

Merchandise inventory Dr $20

To Cash $20

(Being the freight charges is paid)

In the case of the perpetual inventory system, we use the merchandised inventory for freight charges so we debited the merchandise inventory and credited the cash account. Both the accounts are recorded for $20

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3 years ago

A long-term liability should be reported as a current liability in a classified balance sheet if the long-term debt: Is callable

Eddi Din [679]

Answer:

A long-term liability should be reported as a current liability in a classified balance sheet if the long-term debt: Is callable by the creditor - Will be refinanced with stock.

Option A is the correct answer.

Explanation:

Generally, a short term liability is required to be paid by the company within a period of 1 year. Nevertheless, if the liability is callable the creditor, the company is not required to pay the liability within a year.

Thus, in this instance, a current liability can be detailed as a long term debt in the balance sheet.

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3 years ago

Product prices are set on the marketing budget detail spreadsheet

Alinara [238K]

1. The answer is "b. false".

A Marketing Budget is Marketing Plan as far as expenses. Advertising Budget is an expected measure of cost that will be required to advance items or administrations. Promoting Budget is for the most part some portion of a showcasing plan and vital piece of the advertising procedure. It incorporates every single limited time cost like promoting and advertising, utilizing staff, office costs and different costs included for showcasing. This financial plan is made to evaluate the costs that are important for growing a business.

2. The answer is "c. entering the target segment on the marketing budget detail".

A market segment is a gathering of individuals who share at least one regular qualities, lumped together to showcase purposes. Each market portion is one of a kind, and advertisers utilize different criteria to make an objective market for their item or administration. Advertising experts approach each portion in an unexpected way, after completely understanding the necessities, ways of life, demographics and identity of the objective customer.

3. The answer is "false".

Advertising is a marketing correspondence that utilizes a transparently supported, non-individual message to advance or offer an item, benefit or idea. Sponsors of advertising are ordinarily organizations wishing to advance their items or administrations. Promoting is separated from advertising in that a promoter pays for and has authority over the message. It varies from individual offering in that the message is non-individual, i.e., not coordinated to a specific person.

4. The answer is "c. both".

Pricing is the procedure whereby a business sets the cost at which it will offer its items and benefits, and might be a piece of the business' marketing plan. In setting prices, the business will consider the cost at which it could obtain the merchandise, the assembling cost, the commercial center, rivalry, economic situation, brand, and nature of item.

When setting your prices you should ensure that the cost and deals levels you set will enable your business to be beneficial. You should likewise observe where your item or administration stands when contrasted and your opposition.

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3 years ago

Macro photography often involves what type of depth of field?

Shalnov [3]

I dont know if my answer is right or not but is it shallow?

8 0

3 years ago

Read 2 more answers

White Corporation, a closely held personal service corporation, has $150,000 of passive activity losses, $120,000 of active busi

LenKa [72]

Answer:

correct option is a.$0

Explanation:

given data

passive activity losses = $150,000

active business income = $120,000

portfolio income = $30,000

to find out

how much passive activity loss can White Corporation deduct

solution

as per given we know that here white corporation is a Personal Service Corporation

so that it is not deduct the passive loss against the portfolio income

so correct option is a.$0

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3 years ago

Explain the method of bookkeeping ?​

Explain the method of bookkeeping ?