Cash basis of accounting

During the year, black diamond company earned $86 500 in revenue. at year end only $65 000 of that revenue had been collected. also, black diamond inccured $44 000 of expenses of which only $35 000 had been paid.

Determine profit or loss (total comphersive income) for the year under

Don't use plagiarized sources. Get Your Custom Essay on
Cash basis of accounting
Just from $13/Page
Order Essay

(a) the cash basis of accounting

(b) the accural basis of accounting.

The following documentation is commonly used in a creditor-based expenditure cycle:

1. purchase requisition,

2. purchase order,

3. goods received note,

4. receiving report,

5. creditor invoice, and

6. disbursement voucher.

Required

For each of the above, describe the purpose and function of the documentation within the expenditure cycle.

Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.