Answer to Question #76706 in Accounting for rich

Question #76706
Describe the features of cash, revenues and expenditures. Give examples of each category with a linked budget objective.
1
Expert's answer
2018-04-29T13:15:08-0400
Cash is a current asset account which includes currency, coins, checking accounts, and undeposited checks received from customers.
Revenues are the amounts that a business earns from selling goods or providing services to its customers.
An expenditure is a payment in cash or barter credits, or the incurrence of a liability by an entity, in exchange for goods or services.
Sources:
https://www.accountingcoach.com/
https://www.accountingtools.com/articles/2017/5/6/expenditure

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS