0 Confirmation of a credit may be given by______ A, the beneficiary at the request of the importer B. the advising bank at the request of the issuing bank c.the advising bank after the receipt of correct documentatior d. the issuing bank after the receipt of correct documentation

Q: Which of the following is an agent in a purchases and payments structure model? Question 6Answer…

A: The objective of the question is to identify the agent in a purchases and payments structure model…

Q: Customer payments received in advance of the product or service being provided is recorded in which…

A: The company can collect advance from the customer before sale of the goods. This method of…

Q: Explain how does the trade credit is offered on open account.

A: Trade credit is the easiest and most important source of short-term finance available to businesses.…

Q: Credit memos are manually applied to customer balances Select one: a. on the Receive payment form b.…

A: A credit memo, short for credit memorandum, is a document issued by a seller to a buyer, informing…

Q: 9 of 40 A journal entry to recognize revenue must include a 0000 debit to Accounts Payable credit to…

A: Journal entries form part of the accounting system. It includes identifying, analyzing, evaluating,…

Q: Question 34 Two assertions for which confirmation of accounts receivable balances provide primary…

A: Accounts receivable are those account balances which appear on the current assets of balance sheet…

Q: A promissory note is"inchoate" until it has been delivered to the____ a. payer or bearer b.payee…

A: Lets start with basic understanding. As per bill of exchange Act 1982, Promissory note is a…

Q: How are sales to customers using credit cards recorded?

A: Net sales means the amount of revenue earned and cost of goods sold means the cost of goods which…

Q: Preparing Buyer Journal Entries Prepare journal entries to record the following transactions for…

A: Journal EntryMethod of recording financial transactions in the book of original entry by debiting…

Q: Briefly described the differences between a credit, charger , debit & smart card

A: Credit card is the types of plastic cards which are generally issued by the banks for purchasing…

Q: Explain what what four steps to be taken in a purchase /account payble process to insure there is…

A: Step 1: Authorization and ApprovalPurchase Requisitions and Orders:Ensure that all purchase…

Q: Define credit standards

A: The set of standards that a firm or bank uses to choose if an advance or credit line is to be…

Q: Which type of source document is best for providing evidence of disbursements of funds from petty…

A: Source documents are those documents which have the physical basis and upon which the transactions…

Q: Where i can used credit union

A: Whenever a group of people collect deposits and use those deposits to give loans, it is known as…

Q: A company that provides a service or product to a customer on credit has an __________ from that…

A: A goods or service sold on credit is treated as assets of the business as these are customer…

Q: Discuss, in general, what it means for the brothersto set a credit and collections policy

A: Answer: Credit and collection policy refers to the laws and regulations of the company governing the…

Q: Question 17 The accounts payable subsidiary ledger is proved when the total of the vendors' account…

A: An accounts payable subsidiary ledger is an accounting ledger that shows the transactions history…

Q: On a sales receipt, the account selected in the Deposit to field results in Sales Receipt Payment…

A:

Q: Debit postings to the individual accounts in an accounts receivable subsidiary ledger generally come…

A: 1. Cash payments journal: Records outgoing payments made by the business.2. Sales journal: Logs…

Q: Choose the correct answer: 5. Which of the following is considered effective? a. Certificates of…

A: Money Market Checking Accounts: A money market account, sometimes known as a money market deposit…

Q: how is credit check in advance technology is different from credit check in basic technology

A:

Q: What section of FASB provide guidance on referral credit paid to customers?

A: FASB stands for "Financial Accounting Standards Board , which was established in the year 1973.It is…