Which date is used to record a credit card transaction, Basic Statistics

Assignment Help:

Which date is used to record a credit card transaction?

When a company uses its bank greeting cards, the transaction time frame is the time frame the bank greeting cards is used, not the time frame that the bank greeting cards statement is paid.For example, if a company uses its bank greeting cards to purchase an asset on December 30, both the asset and the liability to the bank should be recorded as of December 30.When the company pays the bank (perhaps 30 days later), the company will be reducing its cash and its liability to the bank.

Expertsmind.com offers unique accounting assignment help


Related Discussions:- Which date is used to record a credit card transaction

Cost , For the month of June, Department A of Pauley Inc. had a segment mar...

For the month of June, Department A of Pauley Inc. had a segment margin ratio of 15%, a variable expense ratio of 60% of sales, and traceable fixed expenses of $15,000. Department

Valuing preferred stock, Gesto, Inc., has an issue of preferred stock outst...

Gesto, Inc., has an issue of preferred stock outstanding that pays a $4.50 dividend every year, in perpetuity. If this issue currently sells for $79.85 per share, what is the requi

Cost accounting, what is the relationship of cost accounting to financial a...

what is the relationship of cost accounting to financial and management accounting?

Jurnal entry, Depreciation on the company''s equipment for 2011 is computed...

Depreciation on the company''s equipment for 2011 is computed to be $16,000.

Calculate and interpret the measures of dispersion for data, You are workin...

You are working for the management of ESK Jewellery as a marketing consultant. The main business of ESK Jewellery is the retailing of diamond jewellery. They opened their first sho

Chi Square and Z tests, What is it that created the numerical relationship ...

What is it that created the numerical relationship between a chi square test and a z test?

What is the cumulative distribution function, The waiting time for an incom...

The waiting time for an incoming call at the front desk of mathematics Department follows an exponential distribution. During business hours, the average of the waiting times is 10

Accrue definition in accounts, To history income and expenditures/expenses ...

To history income and expenditures/expenses when they connect with the identification requirements of the finance form engaged regardless of when the money action happens.

What is the net book value of a noncurrent asset, What is the net book valu...

What is the net book value of a noncurrent asset? The net publication value of a noncurrent resource is the net quantity revealed on the stability piece for a long-term resourc

Quantitative analysis, How has quantitative analysis changed the current sc...

How has quantitative analysis changed the current scenario in the management world today?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd