⟩ Under the accrual basis of accounting, when revenues are reported in the accounting period?
When service or goods have been delivered, then revenues are reported in the accounting period.
When service or goods have been delivered, then revenues are reported in the accounting period.
What is double-entry accounting? Explain with an example?
Explain the meaning of long-term notes payable is or long term liabilities?
Can you differentiate between provision and reserve?
Tell us whether the account “Cash” will be credited or debited, when a company pays a bill?
Tell us what do we mean by purchase return in accounting?
What does the investment of personal assets by the owner will do?
Which account is responsible for interest payable?
What is Bad debt expense?
Can you define Offset accounting?
Tell us entries to revenues accounts such as Service Revenues are usually?