Hello! can u help me to answer with 2questions?
1). A business buys goods on credit . when will this require the accounting records to be updated ?
A). Only when the goods are received
B). only when the goods are paid for
C). When the goods are received and again when they are paid for
D). When the goods are received again when they are paid for and when The goods are resold .
2/. which of the following describes the receipts generated by an Internet Service provider?
A). Income from sale of goods
B). Income from giving a service
C). Payments for employees
D). Payments for share capital