Which accrual accounting recognizes revenue

Assignment Help Financial Accounting
Reference no: EM132627651

Problem 1: Accrual accounting recognizes revenue

Group of answer choices

Option 1: when the order is signed and is accompanied by cash.

Option 2: when the order for goods or services is signed

Option 3: when the goods have been transferred or services have been rendered

Option 4: when the cash is receive

Option 5: according to the matching principle

Reference no: EM132627651

Questions Cloud

Effectively challenging client : How can counselors challenge a client without getting into a power struggle with a client, or provoking client defensiveness?
Which are intangible assets : Which are intangible assets? accounts receivable and notes receivable. / office supplies and accounts receivable. / patents and goodwill.
Reflect upon the various statistical analyses : As you reflect upon the various statistical analyses you conducted in this course, you may or may not have decided upon an appropriate type of analysis
Can Carol qualify as an abandoned spouse : Can Carol qualify as an abandoned spouse when filing her Federal income tax return for the year
Which accrual accounting recognizes revenue : Which Accrual accounting recognizes revenue? when the goods have been transferred or services have been rendered. / when the cash is receive
Social change within developmental psychology : Think about a research topic that involves lifespan development and how it could contribute to positive social change.
Which pairs of accounts are usually current liabilities : Which pairs of accounts are usually current liabilities? income taxes payable, unearned revenue. / accounts payable, accounts receivable.
Has the Rand family acted properly : The Rands are successful professionals and have combined AGI of approximately $450,000. Has the Rand family acted properly
Explain how you used or could use project planning : Collaboration is everywhere, especially in the health care industry. It is important to learn how to work and communicate in a collaborative environment.

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