Accounting

1. What are the distinctive features of assemblage accounting and change- land accounting? accumulation accounting is suoperior because it provides more than(prenominal)(prenominal) information 2. suppose you tempt summers hourse sitting for population era they are aside on vacation. Most of your customers collapse you direct after you finish the job. A few take away you to send them a bill. It is at once June 30 and you have frame in 500 from pay customer. Your remaining customers owe you 1000. How a great deal swear out taxation income would you have chthonian the a. exchange basis? b. aggregation basis? a. 500 b. 1500 which method of accounting provides more information virtu all toldy your habitation sitting channel? The accruement basis provides more informatiom because it cosiders all the revenue enhancement you clear, including revenue realize on account. The accumulation basis also salvage a record of your due from customers from customers. The cash basis ignores both your receivable and the revenue you take in on your account. 3. The Jeana Richard Law pie-eyed uses a client database. accommo betrothal Jeana Richards paid 4300 for a computer. --Describe how the moorage should account for the 4200 expenditure down the stairs a. the cash basis b. the accrual basis. ?? -The accrual basis is more realistic because the computer is an plus and it will benefit the line line for more that one year.

4. momentous Occassions is a photography business that shoots videos at college parties. The freshman pays 90 in advancec on January 3 just to guarantee your serve for its party to be held Feb. 2. The intermediate class promises you a nominal of 340 for filming its formal get by the light fantastic and actually pays cash of 390 on Jan. 28 at the party. --COnsider the 90 by the freshman class, on what date was revenue realize? Did the dough occur on the same date cash was current? a. Considering the 90 paid by the freshman class, the revenue was make on February 2. b. considering the 390 paid by the sophomore class, the revenue was earned on Jan. 28, the same twenty-four hours cash was...If you neediness to get a full essay, order it on our website: Orderessay

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