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Author Question: After posting the adjusting entries, the balance of the depreciation expense account should agree ... (Read 343 times)

tsand2

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on: Jul 5, 2018
After posting the adjusting entries, the balance of the depreciation expense account should agree with the amount shown on the income statement.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Under the perpetual inventory system, when a sale is made, both the sale and cost of merchandise sold are recorded.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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Kingjoffery

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

True


tsand2

  • Member
  • Posts: 520
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

blakcmamba

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  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

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