revenues and expenses, Accounting Basics

Assignment Help:
Amounts paid on June 30 for a 1-year insurance policy. Is this a pre¬paid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing.

Related Discussions:- revenues and expenses

Ethical behavior of accountants, Numerous accounting organizations have cod...

Numerous accounting organizations have codes of ethics governing the behaviour of their members. For example both the American Institute of Certified Public Accountants and the Ins

Business combination, what are the legal distinction between business combi...

what are the legal distinction between business combination, merger and consolidation

Explain both management accounting and financial accounting, Management acc...

Management accounting and financial accounting Accounting is generally seen as having two different strands which are: ? Management accounting that seeks to meet accounting

Transaction help, If my company sells 4000 shares of common stock for $86,4...

If my company sells 4000 shares of common stock for $86,400, how do I record this in the Journal?

Concepts and Conventions Underlying the Preparation of Finan, nWhat is the ...

nWhat is the implication of applying accounting concepts wrongly.imum 100 words accepted#

what is the equilibrium price and quantity, The widget industry is perfect...

The widget industry is perfectly competitive. The industry demand and supply functions for widgets are given below. Q d = 424 - 40P Q s  = 40 +   8P a.  What is the equi

How to create account for barter transactions?, How to create account for b...

How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.

What is estimated useful life, Q. What is Estimated useful life? The es...

Q. What is Estimated useful life? The estimated useful life of an asset is the approximate time that a company can use the asset. Useful life is estimation not an exact measure

Write Your Message!

Captcha
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