Author Question: You will never find the following combination of accounts in a journal entry except a. Accounts ... (Read 372 times)

KimWrice · **on:** Jul 6, 2018

You will never find the following combination of accounts in a journal entry except
a. Accounts Receivable and Purchases.
b. Accounts Payable and Sales.
c. Sales Returns and Allowances and Accounts Payable.
d. Purchases Returns and Allowances and Accounts Payable.
e. Accounts Payable and Accounts Receivable.

Question 2

Which of the following is not reported in the schedule of funding progress for a defined benefit pension plan?

a. Actuarial value of assets
b. Actuarial accrued liability for future benefits
c. Covered payroll
d. Percentage of annual required contribution actually contributed