« previous next »

Author Question: Postings to the accounts payable ledger should be made at the end of the month only. a. True b. ... (Read 162 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jul 5, 2018
Postings to the accounts payable ledger should be made at the end of the month only.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Miss Happ of Ace Electronics forgot to make the adjusting entry for supplies used during the accounting period. As a result of this mistake ________.
 
  A) total liabilities are too low
  B) net income is too high
  C) net income is too low
  D) shareholders' equity is too low


macagn

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: Jul 5, 2018
Thank you :)


macagn

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

7 month history of gradual, painless swelling and redness of both eyes 7 month history of gradual, painless swelling and redness of both eyes
A hair is an array of many α-keratin filaments, made up of the substructures A hair is an array of many α-keratin filaments, made up of the substructures
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Accounts receivable cycle. Accounts receivable cycle.
Quality of U.S. and Japanese-made Automobiles Quality of U.S. and Japanese-made Automobiles
How many grams of CO2 can be made from reacting 78.1 g of O2 and 62.4 g of C4H10?2 C4H10 + 13 ... How many grams of CO2 can be made from reacting 78.1 g of O2 and 62.4 g of C4H10?2 C4H10 + 13 ...
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library