Answered: The method that converts the amount of…

The method that converts the amount of present cash into an amount of cash of equivalent value in future is: a.Budgeting b.Both a and b c.Discounting method d.Compounding method

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section3.4: Proving And Ruling A Journal

Problem 2AYU

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Question

The method that converts the amount of present cash into an amount of cash of equivalent value in future is:

a.Budgeting

b.Both a and b

c.Discounting method

d.Compounding method

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