5. Calculate all other expenses Now you know your costs directly tied to sales volume. Next, you need to understand how much everything else is costing you. Any expenses that don’t increase when you sell more or decrease when you sell less are called ‘fixed expenses.’ For example, if...
The adjusting entry to recognize an unrecorded expense is necessary ___ A、when an expense is paid in advance. B、when an expense has been neither paid nor recorded as of the end of the accounting period. C、whenever an expense remain
1. MWCA (a monetary working capital adjustment ):货币营运资本调整额 ---to recognize the effect of specific price changes on the total amount of working capital used in the business operations. 2.GA(the gearing adjustment):杠杆比率调整额 ---to reflect the impact of specific price changes on...
9.Matching10.Consistency11.Materiality 2 of 19 AnIntroductiontoElevenAccountingConcepts TheMoneyMeasurementConcept Companiesincludetransactiondatathatcanbeonlyexpressedinmoneytermsintheaccountingrecords.Thisconceptenablesaccountingtomeasureeconomiceventsandrecordanentitybyaddingorsubtractingnumbersasmoneyistheonlyfactorcommon...
an accounting system that uses the matching principle to determine when to recognize revenues and expenses. an accounting system that recognizes revenues when cash is received and records expenses when cash is paid. an accounting system that uses the adjusting process to recognize revenues when earned...
In the case where the estimates of the future amount are likely to be equal, using the smaller number to measure assets or revenues is preferred and the larger number for liabilities or expenses is preferred. The accounting should recognize the revenues only when they are reasonably certain and...
C.The expenses relate to cash payments. D.For revenue to be included, it is not necessary for cash to have been received. 2.Which of the following statements is NOT true?(2 分) A.If total assets decreased by $30 000 during the period and shareholders’ equity decreased by $20 ...
We recognize income, expenses or other accounting elements which based onA.the formation of rights and obligationsB.the receive of cashC.The payment of cashD.The formation of rights.的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学
earned, not when the cash changes hands. For example, a company may earn revenue prior to receiving cash if it allows customers to make purchases on credit. At the time of service or upon transferring a good to the customer, the company will recognize both revenue and anaccounts receivable....
Depreciation allows a company to recognize that this purchase is an expense; the asset will wear up over its useful life and will need to be replaced. Since the asset will be generating additional revenue during its useful life, the company should take the cost of the asset and spread this...