Recognition Acoounting
Which of the following events would be recognized(recorded) and entered in accounting records of Kazuo company ? Explain why?
Jan 10th K. Company places an order for office supplies
Feb. 15 K. Company receives the office supplies and a bill for them
Mar 1-K.Company pays for the office supplies
Tell how the concept of recognition,valuation,and classification apply to these 2 transactions.
Cash of a Credit june1s $1,000
Debit of sipplies june 1st $1,000
11 years ago
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