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

Forum statistics

Threads
11,631
Messages
27,576
Members
21,374
Latest member
Imtiyaz12

Latest Threads

Top