4 Ms Tania Hamid records sales when cash is received and records purchase only when cash is paid Which rule of Accounting is violated here Why 4 4 Ms Tania Hamid records sales when cash is received and records purchase only when cash is paid Which rule of Accounting is violated here Why 4...

Accrual rule of accounting is violated here Reason Accrual system ...

4. Ms. Tania Hamid records sales when cash is received and records purchase only when cash...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

See More Books

Posted Date: Feb 02, 2022 12:56 AM

See More Questions

When cash is received from customers in the form of a refundable deposit, the cash account is increased with a corresponding increase in: A) A current liability. B) Revenue. C) Shareholders' equity....
It is not important to know when cash is received and when payment is made. Comment.
Deferred revenues represent liabilities recorded when cash is received from customers in advance of providing a good or service. What adjusting journal entry is required at the end of a period to...
You have been asked to calculate the cost of capital of Mulligan Ltd, a company which specialises in developing new medical equipment products. The following information is available regarding the...
A normal population has a mean of 80.0 and a standard deviation of 14.0. a. Compute the probability of a value between 75.0 and 90.0. b. Compute the probability of a value of 75.0 or less. c. Compute...
1. How effective has Tran been as a project manager? Explain. 2. What problem(s) does Tran face? 3. How would you go about solving them? Why? Tran was taking his dog Callie on her evening walk as the...
Why are stock markets important and what do they trade in?
At the beginning of 2011, Metatec Inc. acquired Ellison Technology Corporation for $600 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also...
TQ 2.1: Why is the U.S. cybersecurity law landscape often described as a "patchwork of sectoral laws"? What are the implications for companies? TQ 2.2: What industry sectors or types of business...
1. How did Netflix use innovation in its business strategy to gain and sustain a competitive advantage? What role did strategy, technology, and business models play? Explain in detail. 2. Why is...
Consider the following table, based on a factor rating approach. What must be the score given to Alternative 2 for the factor of Size ( labeled x in the table ) , if the total composite score is 8 2...
Is a major disruption of components supply an example of industry risk or operational risk?
Discuss how differences in discount rates or in ability across workers lead to differences in earnings and schooling. Under what conditions can the rate of return to school be estimated?
Why does the percentage gain in earnings observed when a worker gets one more year of schooling measure the marginal rate of return to education?
What do liabilities and equity have in common? What is the key difference between them?
If the very same asset is depreciated by firm A in four years and by firm B in five years, either firm A or B are not following accounting best practices. Do you agree? Why, or why not?
In a one to two-page paper, discuss the the differences in civil and criminal law. What is the structure of the Texas court system. Name each type of court, how many judges serve, and jurisdiction of...
What is beacon marketing? What are digital wallets?
An airline presented this graph with its annual report. Required Indicate the misleading feature in this graph.
The following are statistics from the annual report of Dover Bank: Required a. Calculate the following for 2009, 2008, and 2007: 1. Earning assets to total assets 2. Interest margin to average...
The commercial loan officers did not list the dividend payout ratio as a highly significant ratio, but they did indicate that the dividend payout ratio appeared frequently in loan agreements....
Explain how each of the following security procedures can increase system reliability: 1 Encryption 2 Employee security awareness training 3 Eirewalls 4 IDS 5 VPNs
Modifying default configurations to improve security is called a. encryption hardening b. patching dialing c. hardening d. war dialing
Which of the following is an authorization control? a. fingerprint reader c. encryption b. compatibility test d. log analysis

4. Ms. Tania Hamid records sales when cash is received and records purchase only when cash...

Question:

Expert Answer:

Accrual rule of accounting is violated here Reason Accrual system ... View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

Students also viewed these accounting questions