The first fuction of the . .is to capture the claim. a. Member services department b. Marketing department c. Sales department d. Claims department
Q: re: a. Internal (management) O a. h ytornal users
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A: Definition: Earnings: The bottom line of income statement which is the result of excess of earnings…
Q: Define sales journal.
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Q: Define each of the following terms:a. Agent; principal; agency relationship
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A: Tabular form of reporting is best suited for comparison purposes..... In this form the data of the…
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Q: The receiving department compares the quantity received with the quantity prin on the receiving…
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Q: What is Remittances, use information in the text to support your claim.
A: Remittances derives from the word remit which means " to send back " . It is a sum of money sent by…
Q: Describe direct and indirect mehods of reporting.
A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…
Q: Required: Prepare the entries to be made by the agency.
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A: Revenue is recognised at the point of time when delivery of goods are made.
Q: Identify the policyholder who transfers the title of the policy.
A: Answer
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A: Revenue recognition principle: Revenue recognition principle refers to the revenue that should be…
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A: Financial market refers to the place where it provides a platform to the traders to buy or sell…
Q: Prepare retained Earning
A: Statement of retained earnings is an important financial statement which shows changes in retained…
Q: Define Sales revenue.
A:
Q: a. Which department is responsible for initiating the purchase of materials? b. Typically, multiple…
A: Internal Control: Internal control refers to the policies, and plans of the business organization…
Q: The basic components of an organization's internal control are: Select one: a.…
A: Internal control is a system of organizing the company in which a set of rules, policies, and…
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A: The question is related to Auditing.
Q: Which type of revenue activity is correctly matched with the revenue recognition method?
A: The question is related with the revenue activity is correctly matched with the revenue recognition…
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A: Accounting principles are those rules and guidelines which helps the accountants all over the world…
Q: Discuss the difference between the Management Letter and the Legal Representation Letter
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Q: A concept or principle that relates to transactions is: a. materiality b. full disclosure c.…
A: a) Materiality refers to affect of an information on the decision of users of financial statements…
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Q: With regard to segregation of duties, rule one is that transaction authorization and transaction…
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A:
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Q: an account should be referred to a professional collection agency if
A: an account should be referred to a professional collection agency in following case
Q: what document initiates the sale process
A: In the above questions we have asked about the document which initiates sale process.
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A: A agency relationship: An agency relationship takes place between an agent (broker) and a principal.…
Q: what document initiates the sale
A: Sales Process: Sales process is defined as a repeatable process that starts from accepting the…
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A: Rights and obligations represent that the company has the right to use the assets and obligation to…
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A:
Q: Which of the following is the operative function of HRM? O a. Compensation O b. Organizing O C.…
A: HRM means the human resource management. This department deals with the human resources of the…
Q: The FASB has established a Five-Step process to recognize revenue. Which of the following is not…
A: FASB has given five step process for revenue recognition.That is accepted every where.
Q: Which of the fóllówing are A Faithful representation and completeness Revenue and Expenses only C)…
A: Financial statement elements are the main groupings of line items observed in the statements. These…
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- is the delivery of products or services to customers. O a. Distribution b. Customer service c. Production d. Marketing Jump to... ot%=D98819&cmid%3D903508page%3=1Which of the following events would be LEAST likely to be modeled in an REA diagram?a. customer inquiriesb. sales to a customerc. accounts payabled. cashe. all of these events would be modeledWhich of the following activities would use number of customer orders as an activity base? A. Order shipping B. Invoicing & collecting C. Customer return processing D. Both A & B
- Use the flowchart above toanswer these questions: a. What accounting document is representedby symbol A?b. What is an appropriate name for thedepartment labeled B?c. What would be an appropriate descriptionfor process C?d. What is the location represented bysymbol D?e. What accounting record is represented bysymbol E?f. What is an appropriate name for thedepartment labeled H?g. What device is represented by symbol F?h. What device is represented by symbol G?i. What accounting record is represented bysymbol G?Use the flowchart to answer these questions:a. What accounting document is represented by symbol A?b. What is an appropriate name for the department labeled B?c. What would be an appropriate description for process C?d. What is the location represented by symbol D?e. What accounting record is represented by symbol E?f. What is an appropriate name for the department labeled H?g. What device is represented by symbol F?h. What device is represented by symbol G?i. What accounting record is represented by symbol G?Which of the following is the operative function of HRM? O a. Compensation O b. Organizing O C. Directing O d. Planning
- Match each of the numbered descriptions with the principle, component, or descriptor that it best reflects. Indicate your answer by entering the letter A through J in the blank provided. A. Control principle B. Relevance principle C. Compatibility principle D. Flexibility principle E. Cost-benefit principle F. Source documents G. Input devices H. Information processors I. Information storage J. Output devices 1. Capture information from source documents and transfer to information processing. 2. Keeps data accessible to information processors. 3. Systems that summarize information for use. 4. Means to take information out of an accounting system and make it available to users. 5. Provide the information processed by the accounting system. 6. Prescribes that benefits from an activity in a system outweigh the costs. 7. Prescribes that a system be adaptable to changes in the company, environment, and user needs. 8. Prescribes that a system conform with a company’s activities, personnel,…Title Accounts Receivable would appear in an REA diagram as an example of which kind of entity? a.... Description Accounts Receivable would appear in an REA diagram as an example of which kind of</o:p> entity?</o:p> a. resource</o:p> b. event</o:p> c. agent</o:p> d. none of the above</o:p> </o:p>Use the flowchart for Problem 3 to answer these questions a. What accounting document is represented by the symbol A? b. What is an appropriate name for the department labeled B? c. What would be an appropriate description for process C? d. What is the location represented by the symbol D? e. What accounting record is represented by the symbol E? f. What is an appropriate name for the department labeled H? g. What process is represented by the symbol F? h. What accounting record is represented by the symbol G? i. What accounting record is represented by the symbol G?
