List Three Communication Channels,the Level of Richness for Each,and Explain

question 148

Essay

List three communication channels,the level of richness for each,and explain when it is appropriate to use each one.

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Definitions:

Unearned Revenue

Money received by a business for goods or services yet to be provided, recorded as a liability until earned.

Liability Account

An accounting record that shows the current and future financial obligations a company owes to others.

Asset Account

An account on a company's balance sheet that represents a resource controlled by the company from which future economic benefits are expected.

Depreciation

Systematically spreading the expense of a tangible asset across its life expectancy.