14% of Americans could not identify which country on a map?
Question
14% of Americans could not identify which country on a map?
Answer
America
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C. Hypoglycemia
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Hibernia was the Roman name for which country
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IrelandCosmetic brand gets it’s name from Latin for as white as snow?
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NiveaDuring the accounting period, sales revenue is Rs. 25,000 and accounts receivable increases by Rs. 8,000. What will be the amount of cash received from customers for the period?
During the accounting period, sales revenue is Rs. 25,000 and accounts receivable increases by Rs. 8,000. What will be the amount of cash received from customers for the period?
A. Rs. 33,000
B. Rs. 25,000
C. Rs. 17,000
D. Rs. 8,000Ref: Amount of cash received = total revenue increased – account receivable increased
= 25,000 – 8000 = 17,000.Under the direct write-off method of recognizing a bad debt expense. Which of the following statements is/are true?
Under the direct write-off method of recognizing a bad debt expense. Which of the following statements is/are true?
A. The bad debt expense is not matched with the related sales
B. Revenue is overstated in the year of sales
C. It violates the matching principle of accounting
D. All of the aboveUnder the direct write off method of recognizing a bad debt expense, the alternative D. is the correct answer which the combination of the following statements A. The bad debt expense is not matched with the related sales because the expense is written off in the year of occurrence and it is not matching with the related sales. B. Revenue is overstated in the year of Sales as a result not making any provision for possible loss on account of non- recoverable account. C. It violates the matching principle of accounting as the expense of bad debt is not matched for the same period of income. Thus, D. is the correct answer.