Briefly Describe at Least Three Disadvantages of Electronic Media

question 84

Essay

Briefly describe at least three disadvantages of electronic media.

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Definitions:

Adjusting Entries

Entries in accounting journals, made at the termination of an accounting cycle, serve to apportion incomes and outlays to their actual occurrence period.

Unearned Revenue

Money received by an entity for a service not yet performed or a product not yet delivered. It is recorded as a liability until the service or product is delivered.

Net Income

The total profit or loss of a company after all revenues, expenses, and taxes have been accounted for.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life.