escribe pros and cons of sales tax on e-commerce sites in system analyt

Q: Is the statement True or False, explain: Commercial Registration creates the traders quality.

A: Commercial registration is done by the owner of company to get his/her company legally registered.…

Q: The Question is: True or False & Why?: Comparability across companies will be enhanced since ASC…

A: ASC606 is the new guideline set up by IASB and FASB together to overcome the disparity in revenue…

Q: List internal control procedures related to e-commerce.

A: E-commerce: E-commerce is one form of business transactions made with the help of electronic…

Q: What is the difference between a Manual and a Computerized accounting system?  What is e-commerce…

A: Manual accounting systems involves performance of accounting functions by accountants who perform…

Q: Identify the following users as either external users (E) or internal users (I): _______ Share…

A: Users of financial information:   Users of financial information are broadly classified into two…

Q: Classify the following items as either:TPS—transaction processing systemFRS—financial reporting…

A: Transaction Process System: This system helps an organization to process all the transactions as it…

Q: Identify the steps a business organisation might need to take to carry out market research in an…

A: Business organization refers to commercial organization which works in the dynamic environment. It…

Q: How to find sales under LIFO

A: LIFO stands for last in first out. It represents that the units that are purchased last would be…

Q: Find an Example of a Commercial credit policy from the internet and highlight thei important parts…

A: The commercial credit, often known as the business credit sheet, corresponds to a sum of the…

Q: Which one of the following will verify the documents and decide on their payability? Select one: A.…

A: Any agreement of consignment of goods through shipping or sale of goods through shipping has…

Q: How would e-commerce improve the revenue/collection cycle?

A: E-Commerce:E-Commerce is the commercial transaction (buying and selling) of a business conducted…

Q: based on Neflix can u description of the Revenue Model for digital business they has do like essay…

A: Revenue modeling is a method in which one decides how to generate revenue. It also includes the…

Q: Which of the following events would be LEAST likely to be modeled in an REA diagram?a. customer…

A: Definition: REA model: The graphical representation which shows the re-engineered accounting system…

Q: What are some methods firms can use to accelerate receipts?

A: Need for Receipt: Cash or receipt is one of the important factors in the business. when it's blocked…

Q: accordance with IFRS 15,  customer loyalty awards on the goods or services sold, the transaction…

A: As per IFRS 15, Revenue recognition  In case of sale of a product with loyalty awards,then the sales…

Q: (A) Explain the fundamental purpose of the sales and collection process. (B) Differentiate between a…

A: The process of sales and collection is officially known as Sales and Collection Cycle and RRR…

Q: Which of the following statements best explains the relationship between the acquisition/payment…

A: Solution Explanation - Sales collection process is a series of operating events that collectively…

Q: Explain how the increased use of e-commerce, including electronic data interchange (EDI), by…

A: Introduction:In 21st century, the business world is consumed more and more by E-business. While the…

Q: Is it a credit memo issued by a vendor or a debit memo issued by a purchaser? What's the difference?

A: The difference will be explained:

Q: what are risks associated with Digital transformation in financial services? State how it relates.

A: From acquiring new clients to simplifying banking, digital transformation may help financial…

Q: journal

A: Purchase journal is a systematic book where Purchase related transactions are recorded. It is also…

Q: While reporting revenue, how a company should consider barter arrangement and discount?

A: Revenue Reporting: The process of accounting for revenue for a product you offer to a client is…

Q: in qyuickbooks Which steps should be followed to set up the different types of payments accepted…

A: Payments Accepted means- Any Payment which will be receivable from the customer on any credit sales…

Q: Revenue recognition in the Xerox case called for determining the stand-alone selling price for each…

A: Revenue recognition: The revenue recognition principle is an accounting principle that specifies the…

Q: Describe post sales service arrangements the firm does or should provide

A: After sale services help the companies achieve customer satisfaction and retain their customers.…

Q: describe general principles of revenue recognition and accrual accounting, specifi c revenue…

A: According to IFRS, a company should recognize revenue from the sale of goods whenever the following…

Q: The GIFMIS interfaces with a number of systems and sub-systems. A number of these systems and…

A: E-Monitor (Non-Tax Revenue-MoF) Non-Tax Revenue is that the revenant financial gain attained by the…

Q: ne revenue recognition principle (point of sale).

A: There are two bases of Accounting (1) Cash bases Accounting System (2) Accrual bases Accounting…

Q: 1) The GIFMIS interfaces with a number of systems and sub-systems. A number of these systems and…

A: E-Monitor (Non-Tax Revenue-MoF) Non-Tax Revenue is that the revenant financial gain attained by the…

Q: Why do we (businesses) need payment card industry data security standards? Why do we, accountants,…

A: Accounting information system: Accounting information system can be defined as the computer system…

Q: When should companies that sell gift cards to customers report revenue?

A: The Answer

Q: Differentiate between a remittance advice and a customer invoice within the sales process of an…

A: Accounting exchanges are those exchanges that legitimately influence the financial statements of a…

Q: Transfer pricing is a significant area of concern for taxing authorities and multinational entities…

A: Transfer price: The price charged for the goods and services transferred among the divisions are…

Q: Ways on how the law of sales and negotiable instrument can be applied in daily lives.

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: When the Sales Tax feature is enabled in QuickBooks Online, where must you record sales tax…

A: Sales tax center is one of the one stop option where all the sales tax tasks can be managed.

Q: Overview The purpose of this discussion is to give you practice calculating and interpreting…

A: Sales tax is the percentage of tax to be charged on the amount of the sales of goods or services to…

Q: Draw a flowchart of SWOT Analysis of retail banking.

A: A SWOT analysis is essentially the result of a brainstorming session and the identification and…

Q: When a company decides to extend credit to consumers, it is making an investment decision in: a.…

A: A company often decides to extend credit to consumers. The decision is made on the logic that credit…

Q: role of SEBI in safeguarding interests of retail investor in IPO's and actions taken by SEBI in this…

A: An investor is an individual or other legal entity (such as a company or investment fund) that…

Q: Distinguish the revenue cycle activities and operations of a conventional "brick and mortar" company…

A: THE ANSWER:

Q: ware to analyze the customer and vendor’s Payments and Receipts? Justify the figures using

A: Software used:  QuickBooks Premier Plus Contractor Edition 2019-Desktop   Needed:  A report showing…

Q: Which function of a financial intermediary reduces transaction and information costs between a…

A: Financial intermediaries help to make deals for their clients. Due to their professional skill set…

Q: Which is wrong?    The term creditable input VAT means input VAT deductible from output VAT.…

A: Input tax is utilised against payment of output tax liability.  Input tax will be credited for the…