Accounting

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Risks are those events that could have a negative impact on organization objectives. Indicate ... Started by hbsimmons88	3 Replies 100 Views	Jul 5, 2018 by mtmmmmmk
The bank in which the depositor has money on deposit is known as the drawer. a. True b. False ... Started by robinn137	1 Replies 35 Views	Jul 5, 2018 by lorealeza77
The owner of a sole proprietorship should not include personal financial records as part of the ... Started by Jkov05	1 Replies 53 Views	Jul 5, 2018 by lauravaras
The cost of borrowing money is called ________. A) a financing activity B) principal C) ... Started by asd123	1 Replies 44 Views	Jul 5, 2018 by juwms
The revenue recognition principle requires that revenue be recognized in the accounting records ... Started by laurencescou	1 Replies 45 Views	Jul 5, 2018 by morrie123456
The term accounts receivable is used to describe ________. A) amounts owed to creditors B) ... Started by a0266361136	1 Replies 51 Views	Jul 5, 2018 by anyusername12131
Team Shirts, Inc. pays 5,000 cash for T-shirts from a supplier. This transaction ________. A) is ... Started by DyllonKazuo	1 Replies 65 Views	Jul 5, 2018 by kardosa007
The separate-entity concept means that a company and its owners should keep separate records. ... Started by mydiamond	1 Replies 81 Views	Jul 5, 2018 by JCABRERA33
Sara contributes 5,000 of her own money to start her business, Team Shirts, Inc. From Team Shirts' ... Started by yoroshambo	3 Replies 59 Views	Jul 5, 2018 by sierramartinez
On a deposit ticket, checks should be listed in numerical order. a. True b. False Indicate ... Started by jhjkgdfhk	1 Replies 151 Views	Jul 5, 2018 by essyface1
External directives are the policies and procedures that help ensure that management directives are ... Started by Brittanyd9008	1 Replies 52 Views	Jul 5, 2018 by ririgirl15
Sales revenue is usually considered earned when ________. A) cash is received from credit sales ... Started by skymedlock	1 Replies 61 Views	Jul 5, 2018 by katkat_flores
A restrictive endorsement makes a check payable to any bearer. a. True b. False Indicate ... Started by jCorn1234	1 Replies 99 Views	Jul 5, 2018 by snackralk
Establishing and maintaining a viable internal control system is the responsibility of management. ... Started by pepyto	1 Replies 51 Views	Jul 5, 2018 by Chelseyj.hasty
The arrangements between buyer and seller as to when payments for merchandise are to be made are ... Started by 809779	1 Replies 41 Views	Jul 5, 2018 by jessofishing
A check is a document ordering the depositor to pay cash from the bank's account. a. True b. ... Started by cool	1 Replies 68 Views	Jul 5, 2018 by momo1250
Monitoring is a process that assesses the quality of internal control performance over time. ... Started by j.rubin	3 Replies 79 Views	Jul 5, 2018 by olivia_paige29
In credit terms of 3/15, n/45, the 3 represents the a. number of days in the discount period b. ... Started by KimWrice	1 Replies 80 Views	Jul 5, 2018 by blazinlyss
When a company repays a loan, both the principal and interest paid are financing activities. ... Started by jwb375	1 Replies 51 Views	Jul 5, 2018 by mochi09
Information that is relevant is both timely and useful in predicting the future. Indicate whether ... Started by JGIBBSON	1 Replies 42 Views	Jul 5, 2018 by eliasc0401
The balance sheet shows the revenues and expenses for the period. Indicate whether the statement ... Started by bobbie	1 Replies 44 Views	Jul 5, 2018 by medine
Businesses commonly use cash registers with tapes that accumulate a record of the day's cash ... Started by abern	1 Replies 100 Views	Jul 5, 2018 by Jevvish
Morris Lest began his business, Graters, Inc with 10,000 of his savings. Graters borrowed 5,000 from ... Started by justinmsk	1 Replies 24 Views	Jul 5, 2018 by scrocafella
A cash shortage is entered as a debit to Cash Short and Over and a credit to Cash. a. True b. ... Started by Hungry!	1 Replies 73 Views	Jul 5, 2018 by dmurph1496
Identify and describe the three types of business activities. What will be an ideal ... Started by madam-professor	3 Replies 51 Views	Jul 5, 2018 by pami445