Give one advantage of using a vouchers payable system.

Q: What is Balanace of Payment

A: Balance of Payment is a statement of monetary transactions made and records  between residents of a…

Q: DEFINE credit policy

A: Credit policy is the set of policies governing a company’s credit sales, outstanding amounts;…

Q: What are the special forms of payment? Give examples for each.

A: Unless otherwise stated, the obligation to deliver begins when the contract is signed. The creditor…

Q: Explain how electronic funds transfers can result in better internal control?

A: Internal control refers to the process of ensuring the organization’s objectives/goals in achieving…

Q: How are journal vouchers used as a control mechanism?

A: Journal Voucher: Journal voucher are used in providing the inputs for the general ledger. The…

Q: benefits and risks

A: There are many benefits in using digital payment to the customers, some major benefits are mentioned…

Q: Explain using practical example how a discount on a debenture is treated ?

A: Let us take an example Divya Ltd. issues Rs. 1, 00,000 debentures on Jan. 1, 2021, at 10 per cent…

Q: Match the following paper payment types with the correct description.

A: Payment types means various modes of payment which are used for the purpose of making payment to…

Q: Explain the basic characteristics of distributed ledger technology and some of its possible…

A: Here is the Answer for the basic characteristics of distributed ledger technology and some of its…

Q: Distinguish between source and voucher papers

A: Given : This question explains about distinguish between source and voucher papers.

Q: Requirements: Draw a decision tree for the "mailing list" problem, including all probabilities and…

A:

Q: Define receivables and explain issues related to their recognition.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: whats a pros and cons of using an email transfer money?

A: An email transfer money allows customers to transfer funds between personal accounts, using online…

Q: Define credit enhancement

A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…

Q: Define receivables and understand issues related to their recognition.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Why digital payment has changed the fiance systems?

A: In the recent past and last few years’ digital payment systems have boomed. Different forms of new…

Q: A voucher is usually supported by Oa. a purchase order Ob. a receiving report Oc. a supplier's…

A: A voucher is usually supported by a purchase order, receiving report, and supplier's invoice.

Q: e. Which security is a better buy?

A: Introduction: A corporate bond can be defined as a debt instrument which is issued by a company in…

Q: What information is contained in a journal voucher?

A: Definition: Journal Voucher is a document based on which transactions are recorded. It serves as…

Q: What is the electronic fund's transfer (EFT) system?

A: Todays generation is introduced to digital payments and any business whether it be large or small…

Q: Display graphically and explain the mechanism of settlements by collection orders

A: There are mechanism of company working for the settlements of collection orders where the sender of…

Q: ther with a remittance puld Northup recogniz®

A: Consignment is the process of authorizing the third party known as consignee to sell the products of…

Q: Explain payment (PMT)

A: Payment is the transfer of money, goods, or services in exchange for goods and services in…

Q: 4. What is a voucher? What information are contained in a voucher?

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: payment

A: Time value of money is the concept widely used by the management and individuals to determine the…

Q: Explain the purpose of having mail room procedures.

A:

Q: Explain payment date

A: Whenever firms have the excess cash, either they can distribute it as dividend or can retain that…

Q: What is invoice discounting and what are the advantages

A: Introduction: Discounting is nothing but financial process in which in exchange for a fee, a debtor…

Q: Define the term credit revenue.

A: Credit Revenue: When goods or services are sold on credit, they are recorded as revenue, but since…

Q: Summarize the process to determine whether you can afford a particular purchase

A: The process is a defined way that helps individuals to analyze the particular item for taking the…

Q: When are adjusting entries made to the worksheet, and what is their purpose? When are the…

A:

Q: Explain the advantages of an electronic billing cycle

A: The electronic billing cycle is the use of of technology. it is the process in which the bills are…

Q: What is surcharge?

A: surcharge is an additional or extra charge or tax charged on the cost of goods or service more than…

Q: Identify differenttypes of paymentsystems

A: A payment system is used to settle financial transactions by transferring the monetary value. The…

Q: Define Advance payments.

A: Advance Payment : Advance Payment is a payment made before goods or services are provided. Advance…

Q: Give one example for refunds?

A: The meaning of a refund is an amount of money given back to an individual or organization. In a…

Q: Define Gift card.

A: Cash sales These refer to sales made by companies in the form of liquid currency as cash. These are…

Q: explain mechanism of settlements by collection orders

A: Profits or losses used to be computed as difference between the settlement price of the previous day…

Q: Define purchase allowance

A: Following is the meaning of a purchase allowance

Q: Define clearing (payment process)

A: Checks: Checks refer to the written document which is dated and signed which directs a bank to pay a…