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The CASHCOM Company Case Study (mandatory) The CASHCOM company is a major telecommunications operator. Please record the necessary entries in the financial statements for
The CASHCOM Company Case Study (mandatory) The CASHCOM company is a major telecommunications operator. Please record the necessary entries in the financial statements for year N and on 1/1/N+1. a- The CASHCOM company has developed a set of mobile-internet packages which enables the operator to collect payment in advance for services not yet provided. Indeed, packages are supposed to cover the following two months' consumption. Thus, at the end of November N CASHCOM collected payment for client packages for 100 and at the end of December N for 120. b- On 31/12/N, CASHCOM has not yet received its electricity bill due to information systems maintenance at its supplier. CASHCOM has estimated electricity consumption for the last month at 90. c- In December N, the premium of 12 was paid for the fire insurance policy. The contract covers the period from 01/12/N to 30/11/N+1.
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