On January 1, 2020, Humility Company received a government grant of P60,000,000 to compensate for costs to be incurred in planting trees over a period of 5 years. The entity will incur such costs at 2,000,000 for 2020, P4,000,000 for 2021, P6,000,000 for 2022, P8,000,000 for 2023, and P10,000,000 for 2024. What amount of income from the government grant is recognized for 2020? a. 12,000,000 b. 8,000,000 c. 6,000,000 d. 4,000,000

PREPARE THE GENERAL LEDGER

prepare journal enteries?

Help. Thank you.

In the context of databases, what does ACID stand for? A. Automatic, Consistent, Integrated, Durable B. Atomicity, Consistency, Isolation, Durability C. Array, Class, Interface, Data D. Add, Change, Insert, Delete

Explain the steps in processing transactions and the role of source documents.

Identified steps for proving and ruling a journal page. Be specific. Explain

create a journal entry in the proper format

How are system flowcharts and program flow charts related? (this is related to accounting information system)

Create a SQL table using your name with the following features: the columns of your table must include, at least the data types (in this order) and one more of your choice NOTE: You need to specify a 2 column (i.e 2 attribute 1. varchar (n), // where n covers the string length you want to enter 2. Int, 3. decimal, (precision = 8, scale = 3 4. date. 5. ??? your choice here ??? Table constraints: 1. It has a two column primary key 2. a check constraint on 2 columns, on the decimal and the date field 3. Use '2024-02-18' date as the default on the date field 5. write down your relational schema 5. Create the table, insert at least 4 rows, and do a Select * to show them example don't just copy these, change the constraint names