This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assets are decreased with debit entries. Indicate whether the statement is true or ... (Read 100 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jul 5, 2018
Assets are decreased with debit entries.
 
  Indicate whether the statement is true or false

Question 2

What is the correct sequence for closing the temporary accounts?
 a. revenue accounts, expense accounts, Income Summary, drawing account
   b. expense accounts, revenue accounts, Income Summary, drawing account
   c. revenue accounts, expense accounts, drawing account, Income Summary
   d. drawing account, revenue accounts, expense accounts, Income Summary


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 5, 2018
Answer to Question 1

FALSE

Answer to Question 2

a


TFauchery

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Jul 5, 2018
Correct answers!


Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

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.

The extent of acid rain in the United States has decreased. The extent of acid rain in the United States has decreased.
A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Examples of SOAP Note entries. Examples of SOAP Note entries.
Video: The Nerve Impulse

For a complete list of videos, visit our video library