In a "Quotation" , it is vital that the contract clearly define the agreed commercial terms and conditions. Which one of the following does it exclude?

On January 1, 2007 Al's Cleaning Services received an advance payment of $3,000 for three months of cleaning services. The $3,000 was recorded as Unearned Cleaning Revenue because the services had not yet been provided. Which of the following will the January 31, 2007 adjusting entry include?

A company would choose to factor it's receivables because:

Athens Corp. sold 80% pro rata interest in a $2,000,000 note receivable to Sparta Company Ltd. for $1,920,000. The note was originally issued at its face amount. Future benefits and costs of servicing the note are immaterial. If the provisions of SFAS 140 are followed, the amount of gain or loss that the former should recognize on this transfer of a partial interest _________ .

Allowance for doubtful accounts is ________

An accrued revenue would be shown on the balance sheet as _____

A company recorded two sales of $20.000 and $30,000 on March 1, 2007 under the credit terms of 3/10, n/30. Payment for the $20,000 sale was received on March 10, 2007. Payment for the $30,000 sale was received on March 25, 2007.What would be the gross sales for the month of March? Gross method Net method

An invoice is_____________

Accounts Receivable is recorded as _________

Is the Accounts Receivable department considered 'revenue generating'?

An amount added to the cost of merchandise to establish the selling price is called: