FACC: Extra Flashcards by Moritz Hofmann

Q

Buche:

“Declared and paid a 1000$ cash dividend”

A

Dividend 1000

Cash 1000

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Q

Buche

“2.500€ of unearned Revenue has been earned at the end of the month”

A

unearned revenue

service revenue

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Q

Buche

Collection of 1000$ from a client on account

A

Cash

Account Receivables

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Q

Who pays for the Freight Cost:

FOB Destination

FOB Shipping Point

A

FOB Destination: Seller
FOB Shipping Point: Buyer

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