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What balance identifier (BID) is used for filled customer orders collected (FOC) transactions recorded into the accounting system?
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∙ 7y ago
R/USSGL 425200
Jennifer Lopez
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Filled Customer Orders Collected transaction are recorded into the accounting system using what balance identifier?
The answer is R
Which stage of reimbursement accounting is the final stage?
Filled Customer Orders Collected "R"
J. true or false In cash as contrasted with accrual accounting a company does not record amounts due from customers in its accounting records.?
True. Under the Cash Basis for Accounting only transactions that involve the movement of cash are recorded. In Accrual Accounting (GAAP) you would record transactions once an economic event has taken place (e.g., supplier invoice received = expense, customer invoice prepared = revenue).
What is one way in which accrual accounting can be used in earnings management?
Revenues are recorded when the sale transaction is complete, not when the customer makes payment, but management must then estimate what proportion of those credit sales will not be collected in the future.
Accounting treatment for customer advanced deposit?
Its a liability, an amount your company owe to that customer.
Filled Customer Orders Collected transaction are recorded into the accounting system using what balance identifier?
The answer is R
Which stage of reimbursement accounting is the final stage?
Filled Customer Orders Collected "R"
Which stage of reimbursment accounting is the final stage?
Filled Customer Orders Collected "R"
J. true or false In cash as contrasted with accrual accounting a company does not record amounts due from customers in its accounting records.?
True. Under the Cash Basis for Accounting only transactions that involve the movement of cash are recorded. In Accrual Accounting (GAAP) you would record transactions once an economic event has taken place (e.g., supplier invoice received = expense, customer invoice prepared = revenue).
Only on record exists with this information such as customer number?
Unique Identifier
When a record has an entry that is unique to it such as a customer number this field is called?
unique identifier
What is one way in which accrual accounting can be used in earnings management?
Revenues are recorded when the sale transaction is complete, not when the customer makes payment, but management must then estimate what proportion of those credit sales will not be collected in the future.
Who is cashier?
a cashier deals directly with customer in monetary transactions
In Microsoft access When a record has an entry that is unique to them such as a customer number this field is called?
unique identifier!!
Accounting treatment for customer advanced deposit?
Its a liability, an amount your company owe to that customer.
Where can one find Business Transactions online?
You can find business transactions under your account on the website of the bank that you are a customer of. You can also view transactions from websites that you purchase goods from.
What is the monthly summary of transactions sent to a customer called?
A monthly statement or monthly invoice is typically sent to a customer summarizing all transactions for that period. It provides a breakdown of charges, payments, and any remaining balance.
