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Re: ::::IIVU ASKARII:::: FIN621 Threat

 Increase assets and increase expenses


-----
Imran Ali,
MBA 3rd (Finance),
"The Hardest Part About Losing Love; 
IS FINDING YOUR WAY BACK".
Keep Smiling  :)




On Wed, Feb 16, 2011 at 5:25 PM, mc090405005 Imtiaz Ahmad <mc090405005@vu.edu.pk> wrote:
Yes in my point of view it is 3rd:
► Cash that has already been collected
Imtiaz Ahmad
And Following quiz Seems Wrong in my view ?
Question # 18 of 20 ( Start time: 06:41:26 AM )  Total Marks: 1 
How would the sale of merchandise on account be represented in the seller's records? 
Select correct option: 
 
 Increase assets and increase expenses
 Increase assets and decrease liabilities
 Increase assets and increase paid-in capital
 Increase assets and decrease revenues
 
Thanks
Imtiaz Ahmad

On Wed, Feb 16, 2011 at 4:47 PM, sa2277550 <sa2277550@gmail.com> wrote:
► Cash that has already been collected

On Wed, Feb 16, 2011 at 1:07 PM, saad khan <saadkhan545@gmail.com> wrote:
Which of the following is NOT normally required for revenue to be recognized according to the revenue principle for accrual basis accounting?
- Hide quoted text -


► The price is fixed or determinable
► Services have been performed
► Cash that has already been collected
► Evidence of an arrangement for customer payment exists
Its Option 3rd or 4??

On Wed, Feb 16, 2011 at 3:05 PM, LAIBA BUTT <laiba.butt98@gmail.com> wrote:


On Wed, Feb 16, 2011 at 1:39 AM, Farooq A Hashmi <mc090401609@vu.edu.pk> wrote:

An entry that affects more than one accounts is knows as _____________.
1.      Journal entry
2.      Compound entry
3.      Adjusting entry
4.      Reversing entry


--
Rgds
Farooq
MBA-III-Finance
Islamabad.

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We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
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--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
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--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
You received this message because you are subscribed to the Google
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--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
You received this message because you are subscribed to the Google
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--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
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