What are the advantages and disadvantages of using the accrual basis of accounting rather than the cash
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Advantages of using the accrual basis 1 Revenue is recognized when earned Under the cash s...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
Question Posted:
Students also viewed these Accounting questions
-
What are the advantages and disadvantages of using credit?
-
What are the advantages and disadvantages of using short-term debt as a source of financing?
-
What are the advantages and disadvantages of using short-term debt as a source of financing? Dan Barnes, financial manager of Ski Equipment Inc. (SKI), is excited but apprehensive. The companys...
-
Economists are difficult to understand. They claim that they can put a monetary value on premature death, but not on human life. They also claim that they can value ecosystem services (such as a...
-
Glass Company is thinking about acquiring Plastic Company. Glass Company is considering two methods of accomplishing control and is wondering how the accounting treatment will differ under each...
-
Prepare a statement of cash flows for the Maris Corporation. MARIS CORPORATION Income Statement Year ended December 31,2015...
-
Consider the effect on profitability of introducing a heat-mass exchanger into the ammonia synthesis loop operating at \(90 \mathrm{bar}\). What is the optimal operating temperature of the flash...
-
Jefferson Corporation has $20,000,000 of 10% bonds outstanding. Because of cash flow problems, the company is behind in interest payments and in contributions to its bonds retirement fund. The market...
-
You decide to take your car on a drive through Canada, where gas is sold in liters and distances are measured in kilometers. Suppose your car's gas efficiency is 24.82 mi/gal . How many liters of gad...
-
The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. a. Determine the number of units in work...
-
The following items should appear on a statement of cash flows for Gordon Company for its fiscal year ending on March 31, 2012. Organize these items into a formal statement of cash flows, and then...
-
Most transactions take place between two independent entities. How you record a particular transaction depends on whose perspective you take. For each of the following transactions, explain how it...
-
In Example 16.7, it turns out that the new process does not save one cent per unit. It only saves 0.3 cents per unit. What is the new BEP, and was it worth the expense to make this improvement?...
-
if I place $100 into an account that returns 9% how much will I have in 12 Years?
-
1 .Calculate the average vertical shear stress at; x=4.0m, x=2.0m, x=0 (at the support). 2. Sketch the shear force diagram and indicate maximum and minimum values 3. Calculate the horizontal...
-
eBook Print Item Lakeesha Barnett owns and operates a package mailing store in a college town. Her store, Send It Packing, helps customers wrap items and send them via UPS, FedEx, and the USPS. Send...
-
Suppose there is a box of books with a mass of 15 kg resting on a flat horizontal table, and that the coefficient of static friction between the wooden table and the cardboard box is 0.5. 1. What is...
-
What amount must I deposit in the bank to receive $ 6 , 0 0 0 in ten years if my account pays 3 % compounded Quarterly?
-
What role do CPAs play in the capital markets?
-
Using the information in P11-2B, compute the overhead controllable variance and the overhead volume variance. Data From Problem 11-2B: Huang Company uses a standard cost accounting system to account...
-
Presented below are three different transactions related to materiality. Explain whether you would classify these transactions as material. (a) Marcus Co. has reported a positive trend in earnings...
-
Presented below are three different transactions related to materiality. Explain whether you would classify these transactions as material. (a) Marcus Co. has reported a positive trend in earnings...
-
If the going concern assumption is not made in accounting, what difference does it make in the amounts shown in the financial statements for the following items? (a) Land. (b) Unamortized bond...
-
a. Suppose the spherical shell is made of material with a constant conductivity = 3.3 x 104 (22.m). Find the value of the resistance. R = abc a sin(x) x10 Submit Reset All Reset Divide the resistor...
-
2. (10 points) The diagram below shows a region of space that has a uniform electric field in the +x direction, as shown by the arrows. The magnitude of the E-field is +30N/C everywhere. The value of...
-
1*. Consider the following vector fields: = 2xyzj + xyk = y + x + f (z)k where f(2) is an arbitrary function of z E = osin 0 + cos 00 + Determine which ones could be electrostatic fields and...
Study smarter with the SolutionInn App