There Are Two Methods Used to Account for Transactions

question 23

Multiple Choice

There are two methods used to account for transactions.These methods are:

• A) cash and deferral
• B) cash and accrual
• C) accrual and deferral
• D) deferral and prepaid

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Definitions:

Stable Demand

A market condition where the desire for a product or service remains consistent over a period of time, unaffected by short-term fluctuations.

Collaborative Forecasting

A process where multiple stakeholders, often from different levels of the supply chain, work together to predict future demand or trends.

Forecast Error

The difference between the actual outcome and the predicted outcome, often used in the context of demand forecasting in supply chain and finance.

Managerial Decisions

Decisions made by managers that influence the direction and performance of a business or organization.