asked 187k views
2 votes
How are disbursements and collections reported on the financial returns message report?

a. Combined
b. Separately
c. Omitted
d. Estimated

asked
User Jonhobbs
by
8.3k points

1 Answer

3 votes

Final answer:

Disbursements and collections are reported separately on the financial returns message report, allowing organizations to track and analyze their financial activities more effectively.

Step-by-step explanation:

Disbursements and collections are reported separately on the financial returns message report. Disbursements refer to payments made by an organization, while collections refer to the receipts or money received by an organization.

For example, in a financial returns message report, disbursements may include expenses such as salaries, rent, and utilities, while collections may include revenue from sales, loans, or investments.

The separate reporting of disbursements and collections allows organizations to track and analyze their financial activities more effectively.

answered
User Jerald
by
8.7k points
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