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20 questions
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- Q1These are entered on the right side of an accountcreditsdebits20sABM_FABM11-IIIg-j-27
- Q2These accounts will normally have a credit balance.drawingsliabilitiesassetsexpenses20sABM_FABM11-IIId-e-19
- Q3These accounts will normally have debit balancesassetsowners equityexpensesliabilities20sABM_FABM11-IIId-e-19
- Q4Sales are an example of retailers' operating __________________.revenuesexpensespayablescapital20sABM_FABM11-IIId-e-19
- Q5These are entered on the left side of an account.debitscredits20sABM_FABM11-IIIg-j-27
- Q6Entries for depreciation are first written in the general ___________.subsidiary ledgerledgerjournalexpenses20sABM_FABM11-IVa-d-30
- Q7Accounts are contained in the general ___________.journalsubsidiary ledgerledgerbooks20sABM_FABM11-IIIf-24
- Q8Under _________-entry bookkeeping a transaction affects a minimum of two accounts.singlemultiplenarrativedouble20sABM_FABM11-IIIg-j-27
- Q9The credit amount in the depreciation entry is recorded in ______________ Depreciation.other assetsLandcontra assets accountAccumulated20sABM_FABM11-IIId-e-21
- Q10The accounting or bookkeeping ___________ is Assets = Liabilities + Stockholders' Equity.equationformulastandardstandard20sABM_FABM11-IIIb-c-17
- Q11Bona fide invoices from suppliers that are to be paid in 30 days are reported in Accounts ___________.receivablepayablewritten-offbad debts20sABM_FABM11-IIId-e-21
- Q12These will reduce stockholders' equity.furniture paid in cashcollection of receivablesinterest expenseinterest income20sABM_FABM11-IIIb-c-17
- Q13The __________ of accounts receivable sorts the customers' balances according to the dates due.schedulebad debtswrite offaging20sABM_FABM11-IIIf-24
- Q14The type of adjusting entry associated with a prepayment.deferralaccrualequityprepaid expenses20sABM_FABM11-IIIg-j-28
- Q15The type of account that is affected by the accrual of an expense.liabilityowners equityaccrued expensesprepaid expenses20sABM_FABM11-IIIg-j-28