Compute the amount of revenue from Monthly clients.

Q: how did you get the numbers for installment sales?

A: Instalment Method: The installment method is typically employed when a customer is permitted to…

Q: How to calculate salaries payable

A: Salaries payable can be defined as the liability account containing the amount of salaries, if any,…

Q: How to calculate FIT on payroll register? What is the equation or numbers I am supposed to use to…

A: Before calculating payroll taxes, the employees will need to complete these new employee documents,…

Q: What is rent receivables listed as

A: rent is made by the tenant to the owner. different is paid generally on the monthly basis but there…

Q: Describe Deposits and Advances from Customers.

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: variables cost

A: Variable cost is the cost that change according to sale or production volume.

Q: What is the account title used for revenue when goods are delivered to customers?

A: Account title: An account title is a unique name assigned to an account in an accounting system. An…

Q: Under the realization principle, revenue from sale of products is recognized a. At date of delivery…

A: Recognition of Revenue - Recognition of Revenue is the recording of revenue in the financial year.…

Q: What is the effective annual rate (EAR) and what is the purpose.

A: The effective Annual Rate (EAR) is the rate of interest actually earned on an investment or paid on…

Q: What is the formula to find net revenue in this spreadsheet?

A: Definition: Revenues: Revenues are earnings from the operations of a business. The operating…

Q: Explain how to calculate time interest earned.

A:

Q: Explain an example of prepaid expenses.

A: Definition:   Prepaid expense: Expenses of future period are paid in advance. These expenses are…

Q: What is the annual profit?

A: The cost-volume profit analysis deals with the cost of the product and the profit generated with the…

Q: Discuss theissues involved in managing returns.

A: In business scenario, returns and allowances are frequent and common place events. An entity…

Q: Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of…

A: Adjusting Entries –Adjusting Entries are the entries that make the accrual principle work for the…

Q: Explain prepaid expenses in detail.

A: Adjusting entries are the journal entries to adjust the expense and revenue which are due but not…

Q: how do you get sales revenue?

A: Required  How do you get sales revenue?

Q: What is a payable bill?

A: There are three account types in accounting, that are real account, nominal amount and personal…

Q: find the average daily balance

A: The method which takes daily balances into consideration rather than weekly or monthly balances is…

Q: How can we determine the amount of a periodic payment?

A: The amount of periodic payment is determined using the following formula:

Q: How much is paid for supplies?

A:

Q: How to identify net revenue for the current FY?

A: For identifying the revenue earned during the current year the accrual principle of accounting needs…

Q: Which type of checking account pays interest on the mean balance of the account during a particular…

A: The checking account are important part of banking system. A checking account is highly liquid…

Q: Give an explanation  - and use an example - of why we may need to convert an Account Receivable to a…

A: Accounts receivable: Accounts receivable is the amount owed by the customers to the company for the…

Q: When should companies that sell gift cards to customers report revenue?

A: The Answer

Q: If we perform services for a client who had previously paid us up front, we will ____ the Deferred…

A: Introduction:- Deferred revenue, often known as unearned income, refers to payments made in advance…

Q: Calculate Brisky's Net Income.

A: Income statement:   The financial statement which reports revenues and expenses from business…

Q: Entry Explanation F 1 2 3 لنا 4 5 6 7 8 9 10 11 12 A F H D A G C H E D Cash Accounts Receivable…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: Current Attempt in Progress Expenses are recognized when they are billed by the supplier. O they are…

A: Under the cash basis, revenue is recognized when cash is received, and expenses are recognized when…

Q: Credit sales are recorded by crediting an account receivable for specific customer. True or false?

A: Lets understand the meaning of credit sales. Credit sales refers to transferring ownership of goods…

Q: How would a business record a bill received in QuickBooks?

A:

Q: How is times-interest-earned computed?

A: The times interest earned ratio is a measure of a company's ability to meet its debt obligations…

Q: a list of each customer account and thre balance owed is a:

A: The customer is the person who purchases the products or avails of the services provided by the…

Q: If a credit sale is made to a New customer, and the amount due is received before the year ends,…

A: Sales made on cash or credit both are recorded as sales from the beginning of the transaction and…

Q: Define salaries expense.

A: Salaries expense is the fixed pay earned by employees. The expense represents the cost of non-hourly…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.