You have new items in your feed. Click to view.
Question and answer
Using accrual accounting, revenue is recorded and reported only
Accrual basis accounting matches revenues to the time period in which they are earned and matches expenses to the time period in which they are incurred. [ While it is more complex than cash basis accounting, it provides much more information about your business. The accrual basis allows you to track receivables (amounts due from customers on credit sales) and payables (amounts due to vendors on
credit purchases). The accrual basis allows you to match revenues to the expenses incurred in earning them, giving you more meaningful financial reports. source microsoft.office ]
Expert answered|sharpies|Points 3002|
Question
Asked 8/23/2011 7:27:11 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
27,212,914 questions answered
Weegy Stuff
S
Points 547 [Total 648] Ratings 0 Comments 547 Invitations 0 Offline
S
Points 499 [Total 499] Ratings 0 Comments 499 Invitations 0 Offline
S
P
P
L
P
Points 219 [Total 1537] Ratings 1 Comments 209 Invitations 0 Offline
S
R
Points 205 [Total 305] Ratings 1 Comments 145 Invitations 5 Offline
S
P
P
L
P
P
Points 158 [Total 1610] Ratings 1 Comments 148 Invitations 0 Offline
S
Points 30 [Total 40] Ratings 3 Comments 0 Invitations 0 Offline
S
P
P
Points 15 [Total 745] Ratings 0 Comments 15 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 1 Comments 4 Invitations 0 Online
S
Points 13 [Total 13] Ratings 1 Comments 3 Invitations 0 Online
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.