PT Bumi ordered 20 sets of tables and chairs to PT CBA. Price set per unit of Rp 5,000,000 with 10% VAT. If you use the accrual method of revenue recognition then the following is true: a. PT Bumi records the following journals: (D) Accounts Receivable Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 b. PT CBA records the following journals: (D) Accounts Receivable Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 c. PT Bumi records the following journals: (D) Cash Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 d. PT CBA records the following journals: (D) Cash Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT In Rp 10,000,000
PT Bumi ordered 20 sets of tables and chairs to PT CBA. Price set per unit of Rp 5,000,000 with 10% VAT. If you use the accrual method of revenue recognition then the following is true: a. PT Bumi records the following journals: (D) Accounts Receivable Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 b. PT CBA records the following journals: (D) Accounts Receivable Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 c. PT Bumi records the following journals: (D) Cash Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 d. PT CBA records the following journals: (D) Cash Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT In Rp 10,000,000
PT Bumi ordered 20 sets of tables and chairs to PT CBA. Price set per unit of Rp 5,000,000 with 10% VAT. If you use the accrual method of revenue recognition then the following is true: a. PT Bumi records the following journals: (D) Accounts Receivable Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 b. PT CBA records the following journals: (D) Accounts Receivable Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 c. PT Bumi records the following journals: (D) Cash Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 d. PT CBA records the following journals: (D) Cash Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT In Rp 10,000,000
PT Bumi ordered 20 sets of tables and chairs to PT CBA. Price set per unit of Rp 5,000,000 with 10% VAT. If you use the accrual method of revenue recognition then the following is true: a. PT Bumi records the following journals: (D) Accounts Receivable Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 b. PT CBA records the following journals: (D) Accounts Receivable Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 c. PT Bumi records the following journals: (D) Cash Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 d. PT CBA records the following journals: (D) Cash Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT In Rp 10,000,000
Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.
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