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CASH VS ACCRUAL BASIS LoneStar Company Checkbook Analysis Year 20X1 Cash Receipts from customers $312,000 Cash Disbursements $180,000 Additional info: 12/31/X0 12/31/X1 Accounts Recievable $54,000
CASH VS ACCRUAL BASIS
| LoneStar Company | Checkbook Analysis | Year 20X1 | |
| Cash Receipts from customers | $312,000 | ||
| Cash Disbursements | $180,000 | ||
| Additional info: | 12/31/X0 | 12/31/X1 | |
| Accounts Recievable | $54,000 | $60,000 | |
| Accounts Payable | $42,000 | $54,000 | |
| Inventories | $27,000 | $18,000 |
Net Income for 20X1 on the accrual basis was: _______
Net Income for 20X1 on the cash basis was: _______
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Making Use Of Clinical Audit A Guide To Practice In The Health Professions
Authors: Sally J. Redfern, Anemone Kober, Maurice Kogan
1st Edition
0335195423, 978-0335195428
