Accountability

Counting spoiled units as part of output units in a process-costing system usually results in a higher cost per unit. – False
Accrual basis accounting – uses the adjusting , Records revenues when earned and expenses when incurred, regardless of the timing of cash receipts or payments.
Estimated MOH Rate per Activity – Total Estimated Annual Manufacturing Overhead Dollars / Total Estimated Annual Activity
= Estimated MOH Rate per Activity
Long term Debt – Liability payable beyond one year
Debit & credit – Double entry bookkeeping means an entry is made as a
Ден наличность и суммы, депонированные в центральных банках – Cash and balances with central banks
Net purchases + transportation in – cost of merchandise purchased
Unqualified report – The auditors are confident with the financial statements
_____ pricing occurs when different prices are charged depending on where the customer purchases the product.
What is another term for Property, Plant and Equipment assets: – Long Term Assets
Unrealized Holding Gains or Losses – Are amounts associated with price changes of securities that are currently held.
_____ pricing оccurs when different prices аre chаrged depending оn where the custоmer purchаses the product.
full disclosure principle – statement about all relevant information on operations and finance
Estimated Residual Value (AKA scrap value) – Expected cash value of an asset at the end of its useful life. NOT depreciated
Check – Business form ordering a bank to pay cash from a bank account

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