Mẹo Which of the following is not an external event?
Mẹo về Which of the following is not an external sự kiện? 2022
Họ và tên học viên đang tìm kiếm từ khóa Which of the following is not an external sự kiện? được Cập Nhật vào lúc : 2022-11-04 14:18:01 . Với phương châm chia sẻ Bí kíp Hướng dẫn trong nội dung bài viết một cách Chi Tiết Mới Nhất. Nếu sau khi Read tài liệu vẫn ko hiểu thì hoàn toàn có thể lại phản hồi ở cuối bài để Mình lý giải và hướng dẫn lại nha.c.An attorney uses computer equipment to maintain business records and prepare legal doc-uments.d.An attorney receives cash payments from clients who were billed for legal services.ANS:CPTS:1DIF:Difficulty: ModerateOBJ:LO: 2-2NAT:BUSPROG: CommunicationSTA:AICPA FN-Reporting | ACBSP-APC-06-Recording TransactionsKEY:Bloom's: ApplicationNOT:2 min.18.Which of the following statements is true?PTS:1DIF:Difficulty: Moderate
Nội dung chính Show- What Is an Accounting Event? Understanding an Accounting Event Key Takeaways Types of Accounting Events External Events Internal Events Recording Accounting Events What are external events accounting?Which of the following sự kiện is not transaction?What is the primary difference between internal events and external events?Which of the following events does not involve an exchange of value?
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OBJ:LO: 2-3NAT:BUSPROG: CommunicationSTA:AICPA FN-Reporting | ACBSP-APC-06-Recording TransactionsKEY:Bloom's: KnowledgeNOT:2 min.19.Which of the following statements isfalseregarding the use of source documents?PTS:1DIF:Difficulty: Moderate
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OBJ:LO: 2-3NAT:BUSPROG: CommunicationSTA:AICPA FN-Reporting | ACBSP-APC-06-Recording TransactionsKEY:Bloom's: KnowledgeNOT:2 min.20.The purchase of office equipment on credit has what effect on the accounting equation?a.assets and stockholders' equity decreaseb.liabilities increase and stockholders' equity decreasesc.assets and liabilities increased.assets and liabilities decreaseANS:CPTS:1DIF:Difficulty: Moderate
REF:CS2-1OBJ:LO: 2-3NAT:BUSPROG: CommunicationSTA:AICPA FN-Reporting | ACBSP-APC-06-Recording TransactionsKEY:Bloom's: AnalysisNOT:2 min.
What Is an Accounting Event?
An accounting sự kiện is a transaction that is recognized in the financial statements of an accounting entity. A company must record in its accounting records any economic sự kiện that impacts the company's finances. Examples of accounting events include such things as recording the depreciation of an asset, the payment of dividends to investors, the purchase of materials from a supplier, and the sale of goods to a customer.
Events such as natural disasters may be recorded as accounting events if they damage a company's property and other assets because the damage can be assigned a monetary value.
Understanding an Accounting Event
An accounting sự kiện is any business sự kiện that impacts the account balances of a company's financial statements. The recording of these events must follow the accounting equation, which specifies that assets must equal liabilities plus shareholders' equity. The sale of a good, for example, reduces inventory and increases accounts receivable. Because it affects profits, it also has an impact on shareholders' equity.
Similarly, depreciation expenses lower asset values and reduce net income and retained earnings. They thus reduce shareholders' equity.
Accounting events are only those events that can be measurable in monetary terms. Events such as natural disasters may be recorded as accounting events if they damage a company's property and other assets because the damage can be assigned a monetary value. Other events, such as the signing of a contract, may not affect the financial statements and therefore are not recorded as accounting events.
Key Takeaways
- An accounting sự kiện is a transaction that an accounting entity reports in its financial statements.Examples of an accounting sự kiện include the sale of goods, the purchase of raw materials, asset depreciation, and dividend payments to investors.Companies categorize accounting events as either internal or external events.The timing of when a company records an accounting sự kiện can vary depending on whether it uses the accrual
accounting method or the cash accounting method.
Types of Accounting Events
External Events
An external accounting sự kiện is when a company engages in a transaction with an outside party or there is a change in the company's finances due to an external cause. For example, if a company purchases from a supplier the raw materials needed for the manufacturing of its goods, this would be categorized as an external sự kiện. When a company receives payment from a customer, this would also be an external sự kiện that it would need to record in its financial statements.
Internal Events
An internal sự kiện involves other changes that need to be reflected in the accounting entity's records. These may include the "purchase" of goods such as supplies from one department by another department within the company. The recording of depreciation expenses is another type of internal accounting sự kiện.
Recording Accounting Events
A company reports accounting events in its financial statements. Depending on the transaction, the company may report the sự kiện in its balance sheet under assets and liabilities or in its income statement under revenues and expenses.
The timing of when a company records a transaction can vary depending on the accounting method the company uses. If a company uses the accrual accounting method, it records its financial transactions when they are incurred regardless of whether there has been a cash transfer or not.
If a company uses the cash accounting method, it records its financial transactions when it actually receives or spends money. Most businesses use the accrual accounting method, with the exception of small businesses that might favor the relative simplicity of the cash accounting method.
What are external events accounting?
Types of Accounting Events An external accounting sự kiện is when a company engages in a transaction with an outside party or there is a change in the company's finances due to an external cause.Which of the following sự kiện is not transaction?
Answer and Explanation: D) Signing an agreement with a supplier is not a transaction recorded in financial accounting.What is the primary difference between internal events and external events?
Internal and external events have different purposes and require different approaches. The main aim of internal events is to improve existing relationships and nurture them, while the goal of external events is to bring new clients in and make new networks.Which of the following events does not involve an exchange of value?
Loss from theft is not involved in exchange of value because theft is nothing given in consideration so there is no exchange of value. Tải thêm tài liệu liên quan đến nội dung bài viết Which of the following is not an external sự kiện?
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