The transaction, earned cash revenue affects which two accounts? A. Revenue and Salaries Expense B. Cash and
Question:
A. Revenue and Salaries Expense
B. Cash and Notes Payable
C. Cash and Revenue
D. Cash and Dividends
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
D Cash and Dividends Earn...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Question Posted:
Students also viewed these Cost Accounting questions
-
Multiple-Choice Questions 1. Which of the following statements is true? a. Under cash-basis accounting, revenues are recorded when earned and expenses are recorded when incurred. b. Accrual-basis...
-
Multiple Choice Questions 1. A company should recognize revenue when: a. The revenue is earned b. The contract is signed c. The seller satisfies the performance obligation d. The consideration is...
-
Determining Financial Statement Effects of Various Transactions The following transactions occurred during a recent year: a. Issued stock to organizers for cash (example). b. Purchased equipment on...
-
Suppose a snack company introduces a new product called SumSeeds-sunflower seeds with energy boosters like caffeine, taurine, lysine, and ginseng. How would you expect this product's IMC program to...
-
Single Audit, Internet Case. A not-for-profit organization has hired you to conduct an audit. The audit has been requested by the organizations board of directors. A mission of the organization is to...
-
Provide an example of each of the three buying situationsstraight rebuy, modified rebuy, and new buyat Trek.
-
Course grades. Choose a student at random from all who took beginning statistics at Upper Wabash Tech in recent years. The probabilities for the students grade are Grade: A B C D or F Probability:...
-
Lockovich borrowed money from a bank to purchase a motorboat. The bank took a security interest in it but never filed a financing statement. A subsequent default on the loan occurred, and the debtor...
-
4 2.22 points Skipped eBook Print References Check my work James Marbury is the payroll accountant at All's Fair Gifts. The employees of All's Fair Gifts are paid semimonthly. Lauren Stenn comes to...
-
Low Crop Prices Drag Farm Towns Down with Them: Low wheat, corn, and soybean prices mean another bad year for many Midwest farmers. In response to the above newspaper headline, what government action...
-
The Federal government establishes its budget to decide what programs to provide and how to pay for them. How does fiscal policy differ from this ordinary fiscal activity of budgeting? .
-
A payoff table is given as: a. What decision should be made by the optimistic decision maker? b. What decision should be made by the pessimistic decision maker? c. What decision should be made under...
-
The Rumsea Production Company has annual production overheads of 1,000,000 and 50,000 direct labour hours per annum are worked, made up as follows: a Calculate, for the factory as a whole, the...
-
1. What does the phrase "cost of quality" mean? How might using this statement assist a company in addressing its quality issues? 2. What key distinctions exist between total quality human resource...
-
Does productivity in terms of output per labor our insure a company will be profitable? Why or why not? What questions should be asked to test whether productivity has increased? How do these answers...
-
How do the four Ps of marketing (product, price, promotion, place) differ in international markets?
-
Do you agree with the societal or political forces? Why or why not? Support your assertions with credible sources
-
How do the global transformational leadership models comprise a work environment that sees the need for change and embraces the new changes?Explain
-
It is often claimed that what leading writers say is an important part of the study of management and organisational behaviour. Others say that all these different ideas are little more than...
-
-4 1 9. Let A = Find A-1, (A") and verify that (A")= (A-1)".
-
Block A can move without friction in the slot as shown and is acted upon by a vertical periodic force of magnitude P = Pm sin ft where f = 2 rad/s and Pm = 5lb. A spring of constant k is attached to...
-
A vibrometer used to measure the amplitude of vibrations consists of a box containing a mass-spring system with a known natural frequency of 150 Hz. The box is rigidly attached to a surface which is...
-
A certain accelerometer consists essentially of a box containing a mass-spring system with a known natural frequency of 1760 Hz. The box is rigidly attached to a surface which is moving according to...
-
Problem 12.6A (Algo) Liquidation of a partnership LO P5 Kendra, Cogley, and Mel share income and loss in a 3.21 ratio (in ratio form: Kendra, 3/6: Cogley, 2/6; and Mel, 1/6), The partners have...
-
Melody Property Limited owns a right to use land together with a building from 2000 to 2046, and the carrying amount of the property was $5 million with a revaluation surplus of $2 million at the end...
-
Famas Llamas has a weighted average cost of capital of 9.1 percent. The companys cost of equity is 12.6 percent, and its cost of debt is 7.2 percent. The tax rate is 25 percent. What is the companys...
Study smarter with the SolutionInn App