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.
27,020,156 questions answered
Popular Conversations
emotive language
Weegy: Emotive language is language that arouses the emotions, such as that used in sensational newspaper headlines. ...
2/22/2017 7:31:53 AM| 3 Answers
What was the Bay of Pigs? A. an American military base in Puerto ...
Weegy: The Bay of Pigs is a failed attempt by the U.S. to invade Cuba and overthrow the communist Castro regime. ...
2/21/2017 7:28:35 AM| 2 Answers
Finish this famous quote, "If you were going to give rock-and-roll ...
Weegy: If you were going to give rock n' roll another name, you might call it "Chuck Berry." User: Which of ...
2/21/2017 2:15:20 PM| 2 Answers
Jose is applying for a new job. In preparation, he ...
Weegy: c User: The range that people consider to be comfortable distance is often determined ...
2/21/2017 2:16:32 PM| 2 Answers
In 1949, the Communists won control of mainland China and established ...
Weegy: In 1949, the Communists won control of mainland China and established the People's Republic of China under Mao ...
2/21/2017 3:34:28 PM| 2 Answers
Solve 1 – 2x – 1 = –10. A. x = –9 B. x = 5 C. x = 9 D. No ...
Weegy: 8x + 10 = 2x - 8; 8x - 2x = -8 - 10; 6x = -18; x= -18/6; x = -3. The answer is A. x = -3
2/22/2017 9:01:03 AM| 2 Answers
What is the currency of the United ...
2/22/2017 10:41:35 AM| 2 Answers
Weegy Stuff
S
P
P
L
Points 403 [Total 1172] Ratings 2 Comments 383 Invitations 0 Offline
S
P
P
L
P
P
Points 322 [Total 2296] Ratings 1 Comments 312 Invitations 0 Offline
S
P
P
L
P
Points 226 [Total 1440] Ratings 0 Comments 226 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 12 [Total 112] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 12 [Total 22] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.