Accounting Stating True Or False Questions Homework Help Online
- August 18, 2017
- Posted by:
- Category: Accounting QA
Best UK USA UAE Australia Canada China Accounting Stating True Or False Questions Homework Help Online Service Online
1) As long as the same person deposits customer checks and records the deposits into the ledger, there will be good internal control over cash receipts.
2) An accountant is under pressure to maximize the company’s net income at year-end. He is told to delay orders of important services until the following year. This action would be considered unethical because it is a misrepresentation of actual transactions.
3) An accountant is under pressure to maximize the company’s net income at year-end. He is told to record expense payments made in December as if they were actually made the following January. This action would be considered unethical because it is a misrepresentation of actual transactions.
4) A company makes a legitimate, properly authorized payment to a supplier. The accountant changes the date of the transaction to shift it to a later time period. Because the transaction is legitimate, this action would not be considered unethical.
5) A company urgently needs to repair its fire alarm system, which will cost $6,000. The two senior managers who are authorized to approve payments over $5,000 are both on holiday and cannot be reached. The office manager is only authorized to approve payments up to $5,000, but is concerned about the risks and safety factors involved, and wants to have the repair work done immediately. She asks if the contractor could split up the repair bill into two separate invoices, one for parts, and one for labor, so that she could approve both of them separately, and get the work done right away. This action would not be considered unethical, as long as the office manager does not violate specific company rules, or deliberately misrepresent the facts of the situation.
6) The two major types of receivables are accounts receivable and notes receivable.
7) The creditor is the entity that signs a note.
8) The allowance method is a method of recording collection losses by estimating uncollectible amounts.
9) The income statement approach computes uncollectible accounts expense as a percentage of net credit sales.
10) The direct write-off method conforms to the matching principle better than the allowance method.
11) A company uses the direct write-off method to account for uncollectible receivables. Uncollectible account expense will be estimated as a percentage of sales.
12) The direct write-off method is used primarily by large, publicly owned companies.
13) Interest revenue must be reported for a note receivable that is outstanding at the end of the accounting period.
How it Works?
How it Works?
Step 1:- Want to buy solution for this. Please click on submit your assignment here and then fill all details and please mentioned product code at the end of the case. Product code is extremely important to locate your assignment. You can also mail us by keeping product code as mail subject to besthomewrokhelpers@gmail.com
Step 2:- As soon as we received your details, we will inform you with through email about quotations of the given assignment. Requesting you to please mention your budget. Also ensure our email besthomeworkhelpers@gmail.com should not go into your spam folder.
Step 3:- Once you agree with our price, click on pay now and pay the agreed amount and once we received the payment assignment will be delivered before agreed deadline.
Step 4:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Features
Our Features for Assignment Help Services
Plagiarism Free Solution
The first and foremost things that we promise to our customer is plagiarism free solution i.e. a complete and unique solution as per customer’s university requirements.
Excellent Customer Care Services
You can feel our responsiveness once you use our service. Our team of excellent and dedicated customer service representatives are always ready to provide best customer care service 24X7 . Just drop a mail to besthomeworkhelpers@gmail.com and you can receive response in just no time.
Multiple Stage Quality Assurance
We design a unique multiple stage quality assurance team to ensure plagiarism free, original, relevant and as per customer’s requirements. We not only give importance to accurate solutions or writing but also we give equal importance to references style too.
Privacy and Confidentiality
We believe in maintaining complete privacy and confidentiality of all our clients. None of the information furnished to us is shared with anyone else.
Our Clients
We receive requests from clients all over the World. Most of our customers are from USA, UK, Australia, Canada, UAE, Muscat, Oman, Qatar, UAE, New-Zealand, France Germany etc.
Related Services
- Accounting Homework Help
- Accounting Assignment Help
- Computer Science Homework Help
- Management Homework Help
- Finance Assignment Help
- Online Essay Writing Help
- Strategic management case study help
- Case Study Assignment Help
- Dissertation Writing Help
- Trade finance case study help
- Project Management Assignment Help
- Mechanical Engineering Homework Help
- Online Quiz Help
- Maths homework Help
- Online Exam Help
- Economics Assignment Help
- Economics Homework Help
- English Homework Help
- Macroeconomics Homework Help
- Microeconomics Homework Help
- Statistics Assignment Help
- Australia Taxation Homework Help
- Supply chain management homework help
- Taxation homework help
- USA taxation assignment help
- Advanced accounting homework help online
- Auditing homework writing help
- Human resource management homework help
- Nursing homework help online
- Psychology homework help online
- Sociology homework help online
- Ratio analysis homework help online
- Strategic Management Homework Help Online
- Mba operations management homework help
- Human resource management homework help
- Operations management homework help
14) The maturity value of a note is the sum of the principal plus interest due at maturity.
15) A note is dishonored when the maker of the note fails to pay the note at maturity.
16) The acid-test ratio appears in the current assets section of the balance sheet.
17) Accounts receivable amounts are generally shown on the balance sheet net of the allowance.
18) The acid-test ratio is computed as current assets divided by current liabilities.
19) When a business discounts a note receivable to a bank or financial broker, the business will generally receive either more or less than the maturity value of the note.
20) When a business is holding a note receivable and wishes to collect cash prior to the maturity date of the note, the business may sell the note to a bank or a financial broker. This process is called discounting a note.
Product Code: ACC257
Looking for Accounting Stating True Or False Questions Homework Help Online, please submit your details here with product code mentioned above.