Cash method of accounting problem

Joined
Feb 28, 2012
Messages
8
Reaction score
0
Company XYZ borrows $10,000 in 2011 to pay for advertising that will be run in 2012. How much of the expenses can the company take into account for 2011 using the cash method of accounting?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,879
Messages
28,066
Members
23,092
Latest member
ErnestToday

Latest Threads

Top