This topic contains a solution. Click here to go to the answer

Author Question: The recording of cash receipts to the cash account will be done by debiting the account. a. True ... (Read 144 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
The recording of cash receipts to the cash account will be done by debiting the account.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The advantage of using normal costing instead of actual costing is ________.
 
  A) indirect costs are assigned at the end of the year when they are known
  B) the job cost is more accurate under normal costing
  C) indirect costs are assigned to a job on a timely basis
  D) normal costing provides a higher gross profit margin



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eunice618

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

True

Answer to Question 2

Answer: C




Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jul 5, 2018
:D TYSM


fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

For a complete list of videos, visit our video library