-basis of accounting, we record revenue when we provide goods and services to customers, and we record expenses in the period that costs are used to provide those goods and services.

Question

OgLonetar3640 OgLonetar3640

12-12-2022
Business

contestada

-basis of accounting, we record revenue when we provide goods and services to customers, and we record expenses in the period that costs are used to provide those goods and services.

Respuesta :

Otras preguntas

What class of cells are bacteria apart of

Taught that people should put family and community needs above their own

Natural gas is very common in the United States. Natural gas forms in processes taking thousands of years. So, Natural gas is A) considered a renewable resourc

A client is 12 hours post abdominal inguinal hernia repair done under general anesthesia. the practitioner orders to progress diet as tolerated. which tray shou

Match these items. 1. organisms in which a parasite lives virion 2. microorganisms commonly found living in or on a human host 3. area of prokaryotic cell that

PLZZZZZ NEED HHELP!!!!!!

A windowpane is 5 inches tall and the diagonal distance from one corner to the other is 10 inches. How wide is the windowpane? If necessary, round to the neares

How would you greet someone at this time? Son las siete de la noche. Question 1 options: Buenos días. Buenas noches. Buenas tardes. Question 2 En mi escritorio

Which senses do the following lines from Act IV, Scene iii of The Tragedy of Macbeth appeal to? This avarice / Sticks deeper, grows with more pernicious root /

physical environmental factors for plants include _____ a) predation b) light c) competition d) all of the above

SanofarAfrin SanofarAfrin · Answer 1 · 2022-12-18T12:59:36+01:00

A transaction is recorded in the accounts receivable account when a company provides services to a client and the client promises to pay for the services at a later time.

An account receivable transaction is what?

Accounts receivable is the accounting word for sales for which money hasn't yet been received. The customer still hadn't paid for the good or service at the time the transaction was finished.

Accounting receivables are precisely what they sound like, but how are they recorded in accounting systems?

The phrase "accounts receivable" refers to any money you owe to clients who have previously purchased your products or services. This money is normally collected after a few weeks and recorded as an asset on the balance sheet of your business. As part of accrual basis accounting, you use accounts receivable.

Learn more about account receivable: https://brainly.com/question/13166196

#SPJ4