Which of the following results in an expenditure? Multiple Choice Receive an invoice on goods previously...
Which of the following results in an expenditure?
Multiple Choice
-
Receive an invoice on goods previously received.
-
Payment of an invoice previously received.
-
Receive goods previously ordered.
-
Place a purchase order.
Homework Answers
Answer : receive goods previously ordered
explanation : expense is incurred when the goods are delivered or services are rendered
for the other two options :
-
Receive an invoice on goods previously received.
-
Payment of an invoice previously received.
you would already had incurred expense previously
for placing a purchase order, no expense is recognised until receipt
Add Answer to:
Which of the following results in an expenditure?
Multiple Choice
Receive an invoice on goods previously...
Multiple Choice Question 106 Which of the following accounts is classified as a contra revenue account? Sales R...
Multiple Choice Question 106 Which of the following accounts is classified as a contra revenue account? Sales Returns and Allowances Purchase Discounts Cost of Goods Sold Sales Revenue Multiple Choice Question 107 Sales revenues are usually considered earned when goods have been transferred from the seller to the buyer. adjusting entries are made. cash is received from credit sales. an order is received.
Which of the following operations ideally should not be performed by the same person? Multiple Choice...
Which of the following operations ideally should not be performed by the same person? Multiple Choice O Prepare journal entries and bank reconciliations. Order departmental supplies, file correspondence, type memos, and type cheques O Receive Invoices from suppliers, compare invoices to purchase orders and prepare cheque requisitions for payment to suppliers O Type, sign, and mall cheques, and prepare the bank reconciliation O
Issued check (Doc. No. 20) to Velocity Sporting Goods for payment in full of their invoice...
Issued check (Doc. No. 20) to Velocity Sporting Goods for payment in full of their invoice No. 34719 for goods received December 22. I filled out a check for $15,800 to pay Velocity Sporting Goods (Original Invoice was for $17,680, but we did not receive 20 units on our order and with the 3 way match it brought the total to $15,800), marked the invoice as "PAID," and credited and debited the Accounts Payable Subsidiary Ledger. What do I do...
The four components of aggregate expenditure are Multiple Choice spending on domestic goods, domestic services, foreign...
The four components of aggregate expenditure are Multiple Choice spending on domestic goods, domestic services, foreign goods, and foreign services. spending on durable goods, inventory investment, government debt, and net exports. consumption, investment, government transfers, and net interest. consumption, investment, government purchases, and net exports.
เล. SYSTEM DOCIENTATON--EXPENDITURE CYCLE (MANUAL PROCEDURES) The folowing describes the expenditure cycle manual procedures for a hypothetical company. The inventory control clerk examines the i...
เล. SYSTEM DOCIENTATON--EXPENDITURE CYCLE (MANUAL PROCEDURES) The folowing describes the expenditure cycle manual procedures for a hypothetical company. The inventory control clerk examines the inventory records for items that must be replenished and prepares a two- part purchase requisition Copy 1 of the requisition is sent to the purchasing department, and Copy 2 is fied. Upon receipt of the requisition, the purchasing clerk selects a supplier from the valid vendor file (reference fie) and prepares a three part purchase order...
Which of the following is incorrect with respect to encumbrances? Multiple Choice O The existence of...
Which of the following is incorrect with respect to encumbrances? Multiple Choice O The existence of an encumbrance suggests that the government has expressed an intent to use resources for a particular purpose and should not be classified as unassigned. O Once goods or services are received, the encumbrance is reversed for the original amount and a liability is recorded for the amount of the invoice. O Governments frequently choose not to record encumbrances for expenditures that are relatively predictable...
create a flowchart for the following Purchasing Narrative After the Purchasing Clerk receives the purchase requisit...
create a flowchart for the following
Purchasing Narrative After the Purchasing Clerk receives the purchase requisition, Clerk will determine where to buy the product. If the item has been ordered previously, then the Clerk will select a vendor from the approved vendor list. If it has not been ordered previously, the Clerk will use a competitive bidding process to determine the vendor. Once the vendor is selected, a purchase order is prepared and sent to the vendor. Other copies are...
Debt service payments by the government: Multiple Choice are used to purchase goods and services. are...
Debt service payments by the government: Multiple Choice are used to purchase goods and services. are a payment for past expenditures. have fallen continuously since World War II do not burden the generations that must make them.
1. What document does a customer receive when goods are returned? a. purchase order d. receiving...
1. What document does a customer receive when goods are returned? a. purchase order d. receiving report b. credit memo e. bill of lading C. debit memo 2. In order to maintain controls over cash receipts, cash is typically deposited while a bank reconciliation is performed a. daily, weekly b. daily, monthly c. weekly, monthly d. monthly, daily e. weekly, weekly 3. In the cash disbursements cycle, the vendor invoice is marked paid when a check is issued in order...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common stock Ο Acquisition of debt Ο Purchase of inventory Ο Payment to a supplier Ο Granting credit to a customer Which one of the following is a source of cash? Multiple Choice Ο Increase in accounts receivable Ο Decrease in common stock Ο Increase in fixed assets Ο Decrease in accounts payable Ο Decrease in inventory
Multiple Choice Question 106 Which of the following accounts is classified as a contra revenue account? Sales Returns and Allowances Purchase Discounts Cost of Goods Sold Sales Revenue Multiple Choice Question 107 Sales revenues are usually considered earned when goods have been transferred from the seller to the buyer. adjusting entries are made. cash is received from credit sales. an order is received.
Which of the following operations ideally should not be performed by the same person? Multiple Choice O Prepare journal entries and bank reconciliations. Order departmental supplies, file correspondence, type memos, and type cheques O Receive Invoices from suppliers, compare invoices to purchase orders and prepare cheque requisitions for payment to suppliers O Type, sign, and mall cheques, and prepare the bank reconciliation O
The four components of aggregate expenditure are Multiple Choice spending on domestic goods, domestic services, foreign goods, and foreign services. spending on durable goods, inventory investment, government debt, and net exports. consumption, investment, government transfers, and net interest. consumption, investment, government purchases, and net exports.
เล. SYSTEM DOCIENTATON--EXPENDITURE CYCLE (MANUAL PROCEDURES) The folowing describes the expenditure cycle manual procedures for a hypothetical company. The inventory control clerk examines the inventory records for items that must be replenished and prepares a two- part purchase requisition Copy 1 of the requisition is sent to the purchasing department, and Copy 2 is fied. Upon receipt of the requisition, the purchasing clerk selects a supplier from the valid vendor file (reference fie) and prepares a three part purchase order...
Which of the following is incorrect with respect to encumbrances? Multiple Choice O The existence of an encumbrance suggests that the government has expressed an intent to use resources for a particular purpose and should not be classified as unassigned. O Once goods or services are received, the encumbrance is reversed for the original amount and a liability is recorded for the amount of the invoice. O Governments frequently choose not to record encumbrances for expenditures that are relatively predictable...
create a flowchart for the following
Purchasing Narrative After the Purchasing Clerk receives the purchase requisition, Clerk will determine where to buy the product. If the item has been ordered previously, then the Clerk will select a vendor from the approved vendor list. If it has not been ordered previously, the Clerk will use a competitive bidding process to determine the vendor. Once the vendor is selected, a purchase order is prepared and sent to the vendor. Other copies are...
Debt service payments by the government: Multiple Choice are used to purchase goods and services. are a payment for past expenditures. have fallen continuously since World War II do not burden the generations that must make them.
1. What document does a customer receive when goods are returned? a. purchase order d. receiving report b. credit memo e. bill of lading C. debit memo 2. In order to maintain controls over cash receipts, cash is typically deposited while a bank reconciliation is performed a. daily, weekly b. daily, monthly c. weekly, monthly d. monthly, daily e. weekly, weekly 3. In the cash disbursements cycle, the vendor invoice is marked paid when a check is issued in order...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common stock Ο Acquisition of debt Ο Purchase of inventory Ο Payment to a supplier Ο Granting credit to a customer Which one of the following is a source of cash? Multiple Choice Ο Increase in accounts receivable Ο Decrease in common stock Ο Increase in fixed assets Ο Decrease in accounts payable Ο Decrease in inventory
Most questions answered within 3 hours.
-
A solid, uniform disk of radius 0.250 m and mass 53.7 kg rolls
down a ramp...
asked 1 hour ago -
Given the following table of high speed internet access vs.
annual home income:
Home Income
%...
asked 1 hour ago -
A baseball batter hits a 0.145kg baseball straight up into the
air. The baseball leaves the...
asked 2 hours ago -
An FM modulator is tested using
single-tone baseband signal with frequency of 50kHz and a sprectrum...
asked 2 hours ago -
Write the ionic equations for the first stage of salts
hydrolysis.
Anion, Cation?
Na2S
NiSO4
K2SO4...
asked 4 hours ago -
suppose there is a normally distributed population with a mean of
250 and a standard deviation...
asked 4 hours ago -
Question Three
Suppose you as project manager are using the Waterfall
development methodology on a large...
asked 5 hours ago -
Which statement is not true about welfare in Canada?
A.Benefits typically vary based on one's ability...
asked 6 hours ago -
Please help me with FLOWCHART and UML diagram for class,
thank you!
#include <iostream>
#include <fstream>...
asked 7 hours ago -
3. Describe the “logic circuit” of the Lac operon. Which
proteins are bound or not to...
asked 7 hours ago -
Ayesha’s adjusted gross income is $60,000 in 2019. She donated a
piece of artwork with a...
asked 7 hours ago -
For Dijkstra’s shortest path algorithm:
a. Give the Big-O time for Dijkstra’s shortest path algorithm
and...
asked 7 hours ago