However, expenses occur in the normal course of operations, whereas losses occur from transactions peripheral to the central activities of the company. An example is a loss suffered from fire damage. 5. Accrual accounting requires recording revenues when earned and recording expenses when incurred, ...
会计学原理FinancialAccountingbyRobertLibby答案.docx,会计学原理FinancialAccountingbyRobertLibby答案 Chapter 1 Financial Statements and Business Decisions *** TO ***NS 1.Accounting is a system that collects and processes (analyzes, measures, and record
ad) In any case where the Subcontractor considers that extra payment is due for work or Materials, Plant & Equipment not ordered by the Contractor as a Variation as defined in Clause 11 herein, the Subcontractor shall notify the Contractor in writing of its intention to make a claim for such...
The data is also prone to viruses, corruption, hacking, and maintenance challenges, it can make you lose your data anytime and could mean loss of time, effort, and money for your business.Increased Errors Due To Manual Data Entry As you are manually entering data in the traditional accounti...
Any financial impact due to the degradation or remediation of the natural environment; the dumping of ore tailings on land and in the sea; the recycling of asbestos bags; the disposal of asbestos products, etc has yet to be imagined, let alone integrated into the financial or corporate social...
(ii) For claiming loss of profit due to fire, it is necessary to take a separate policy. (0) (iii) Fixed assets are stated in the balance sheet at their market value. (0) (iv) Interest on capital is an income of the business. (0) (v) Even if there appears a sports ...
the major important of using this program is that; it provides short ramp-up times due to a simple powerful user interface. It easily integrates with other businesses applications through open architecture, It customizability and supporting completion builds the software around your business and not ...
The forensic accountant will not assume that there has been any loss of profit due to the business interruption; they will consider other possibilities such as a straightforward loss of market share to a competitor. Forensic engagements often require the forensic accountant to quantify a loss....
Remote sensing is able to detect clear-cutting of forests and forest loss due to land conversion, but detecting gradual forest changes is more challenging. A further challenge in using remote sensing to estimate carbon fluxes is the saturation effect, which can be reduced with bias correction ...
To decrease Accounts Payable To record/increase Service Revenue To decrease Cash To record/increase Loss from Fire To decrease Delivery Equipment To increase Accumulated DepreciationAnswers: 1. Debit; 2. Credit; 3. Debit; 4. Debit; 5. Credit; 6. Credit; 7. Debit; 8. Credit.What...