This Website Has Been Moved to a New Link


Loading

Suppose you work summers house-sitting for people while they are away on vacation

Price: $1.99


Suppose you work summers house-sitting for people while they are away on vacation.
Some of your customers pay you immediately after you finish a job. Some customers
ask you to send them a bill. It is now June 30 and you have collected $900
from cash-paying customers. Your remaining customers owe you $1,300.

Requirements

1. How much service revenue would you have under the

a. cash basis?

b. accrual basis?

2. Which method of accounting provides more information about your housesitting
business?

No comments:

Post a Comment