Explain how kaylas accounting services should recognize

Assignment Help Financial Accounting
Reference no: EM133206330

Kaylas accounting service has just invoiced one of its clients $9700 for accounting services provided to the client. Explain how kaylas accounting services should recognize asset and income for this event, justifying your answer by reference to relevant conceptual framework definitions and recognition criteria

Reference no: EM133206330

Questions Cloud

Explain the use of marketing research : Apple Computer, Inc. wants customers to believe that its Apple computers can be used as digital entertainment centres.
Explain the three investment projects : E-saline is a French company that has €770 million of cash resources available at t0. It has identified three investment projects, as follows (all values in € m
Climate crisis in india: heat wave causes water scarcity : You are required to view "BBC Our World India's Water Crisis" and "Climate Crisis in India: Heat Wave Causes Water Scarcity".
What is the standard rate of gst : What is the standard rate of GST? List two items that do not attract GST .
Explain how kaylas accounting services should recognize : Kaylas accounting service has just invoiced one of its clients $9700 for accounting services provided to the client. Explain how kaylas accounting services shou
Explain how it affects your decision to invest in xyz : Using this XYZ cash flow analysis, analyze each of the net cash flows (operating, investment and financing).
Process of plate tectonics between pacific and east asia : Describe in detail the process of plate tectonics between the Pacific and East Asia. Why is Changbai Mountain so unusual, in a geological sense?
Name one monetary policy tool : Name one monetary policy (MP) tool that is used to influence short-term interest rate and name one MP tool that is used to influence long-term interest rate.
Calculate ucc as of december : Midway through 2019 the company realized that the Oshawa facility lacked the necessarystorage space to accomodate it expanding inventory.They reached out to a l

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd