Why accruals are needed every month?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Accruals are needed to be adjusted before the financ...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
Differentiate between trial balance and balance sheet. In your response, mention the purpose of a trial balance and the purpose of a balance sheet. Differentiate between cash flow and income...
-
a. Johnson plans to use the preceding ratios as the starting point for discussions with RR's operating team. She wants everyone to think about the pros and cons of changing each type of current asset...
-
Sanderson Metals Inc. accrues four liability items: payroll, employee vacation that has been earned but not used, property taxes, and inventory that arrives at its factory dock before an invoice is...
-
World Information Group has two major divisions: print and Internet. Summary financial data (in millions) for 2011 and 2012 are: The annual bonuses of the two division managers are based on division...
-
Determine the total force, in kN, on the bottom of a 100 50 m swimming pool. The depth of the pool varies linearly along its length from 1 m to 4m. Also, determine the pressure on the floor at the...
-
On January 1, 2020, Innovus, Inc., acquired 100 percent of the common stock of ChipTech Company for $670,000 in cash and other fair-value consideration. ChipTechs fair value was allocated among its...
-
Suppose at time 0 you have arranged to be paid at time \(T\) the amount \(\int_{0}^{T} S(t) \mathrm{d} t\), where \(S(t)\) is the spot price at \(t\) of a commodity that can be shorted and has zero...
-
Silver Ridge Plumbing's year end is October 31. The company's trial balance prior to adjustments follows: Additional information: 1. The equipment has an expected useful life of ten years. The...
-
What could the strategies be for these categories? ugh your research, which will inform your strategic analysis of their importance to the firm's efforts to market and compete within your target...
-
Refer to Simon Company's balance sheets in Exercise 13-6. Simon Company's year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to the nearest one-tenth of...
-
What is depreciation? Discuss briefly.
-
Where does accrued interest on notes receivable get reported on the balance sheet?
-
A major technological improvement leads to a large decrease in the cost of production. Using Figure 6 draw a new supply curve, S 2 , to reflect this change. Then state the new equilibrium price and...
-
Discuss the processes that are included in managing support strategies and list these essential elements of a strategic thinking map and why it is important in evaluating support strategies. Your...
-
Companies and marketers have to deal with a variety of environmental forces including regulatory agencies such as the Federal Trade Commission (FTC). Find and discuss an incident in which the FTC has...
-
Should the sales and associated costs of 180,000 pairs of skates to be sold in Thailand under the existing agreement be included in the capital budgeting analysis to decide whether the company should...
-
Write a python function named compare that compares two fractions. The function should take two fractions (represented as tuples) as arguments and return an integer. If the first argument is smaller...
-
What does the following code display? printf("%s", "* ** *** **** ***** ");
-
If you are in an auto accident, under what circumstances should you contact the police immediately? What information should you gather before you leave the site of an accident?
-
Sue Deliveau opened a software consulting firm that immediately paid $2,000 for a computer. Was this event a transaction for the business?
-
GDP exceeds NDP by an amount equal to? Explain
-
A not-for-profit hospital reported in 2021 income statement: Revenue 150m Expenses 110m Net Income 40m On their 2021 Statement of Changes in Net Assets they reported: Beginning Net Assets of 110m...
-
Various cost accounting methods record, classify, analyze, and evaluate alternative courses of action used to control costs. The chief information security officer (CISO) uses these results to...
Study smarter with the SolutionInn App