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Q: What Mechanization of Contract Administration Services (MOCAS) field is determined by totaling the Accounting Classification Reference Number (ACRN) data in the contract?
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What is the classifying process in accounting?

Classification in terms of accounting is when the company accounts are determined for the chart of accounts. This classification helps the accounting department to allocate costs, expenses, and revenue to the correct accounts within the accounting system to appropriately track them.


Cost of goods sold is determined only at the end of the accounting period in?

The inventory system used to determine the cost of goods sold at the end of accounting period is called Periodic Inventory System. This requires physical inventory check.


The useful life of a plant asset is determined by law or by accounting rules or the length of time it is productively used or its productive life but not to exceed one year?

law


Where can one find deferred tax assets?

Deferred tax assets are when its determined that the company will have positive accounting income during the fiscal period. After that, the deferred tax assets can be applied.


What is an accrual in accounting?

Generally, an accrual is either: 1. An expense you have incurred but have not yet paid. 2. A revenue you have earned but have not yet collected. Accruals are determined at the end of every accounting period (month end). You accrue expenses (Debit Expenses and Credit Payables). You accrue revenues (Debit Accounts Receivable and Credit Revenues) There is an excellent brief tutorial on accruals included with the ACCULATOR. The ACCULATOR (www.acculator.com) helps you solve your accounting homework problems.

Related questions

What is the classifying process in accounting?

Classification in terms of accounting is when the company accounts are determined for the chart of accounts. This classification helps the accounting department to allocate costs, expenses, and revenue to the correct accounts within the accounting system to appropriately track them.


How would you describe how climate classification is determined?

describe how climate classifications is determined


Classification of a rock determined by making a scratch on it?

The hardness of a rock is determined by scratching it with a harder material.


What is the concepts of administrative?

The concept of administration is best determined by looking at the definition of administration. An administration is "the activities of groups cooperating to accomplish common goals."


When using the hazard classification system how can hazards be determined?

color of label or placard


What is cassification?

Do you mean classification? Classification means things, people, or anything that is determined to have similar traits and characteristics, placed, seen o categorizes depending on their traits.


Using the DOT hazard classification system certain hazards can be determined by the?

color of the label or placard


What is the classification of terms according to number and degree?

the degree of polynomial is determined by the highest exponent its variable has.


What would list a new cars rating as determined by the national highway traffic safety administration?

Monroney Sticker


How do I determine my small business working capital?

Working capital is determined by means of subtracting your business’ current liabilities from your business’ current assets as determined by generally accepted accounting principles.


What would list a new car's safety ratings as determined by the National Highway Traffic Safety Administration?

Monroney Sticker


Which of these would list a new cars safety ratings as determined by the National Highway Traffic Safety Administration?

monroney sticker