Asked by Frank Guzman on May 14, 2024
Verified
Name 3 (three)reasons why a job for a customer might be pending.
Pending Job
A task or project that has been initiated but is not yet completed or ready for execution.
- Clarify the variances in producing a sales receipt as opposed to an invoice, and the different approaches to accounting for bad debts.
Verified Answer
EP
Edwin PerezMay 20, 2024
Final Answer :
A job can be pending because it is waiting on another condition to be met such as delivery of required parts,the contract is created but not signed,or to record customer charges as work is being performed but before final billing.
Learning Objectives
- Clarify the variances in producing a sales receipt as opposed to an invoice, and the different approaches to accounting for bad debts.