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

Author Question: The purchases method of accounting is permitted for a. materials and supplies, but not for ... (Read 67 times)

karen

  • Hero Member
  • *****
  • Posts: 537
on: Jul 6, 2018
The purchases method of accounting is permitted for
 
  a. materials and supplies, but not for prepaid insurance.
  b. prepaid insurance, but not for materials and supplies.
  c. neither prepaid insurance nor materials and supplies.
  d. both prepaid insurance and materials and supplies.

Question 2

Transactions for purchases returns and allowances affecting Accounts Payable are recorded in the general journal.
 a. True
   b. False
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shailee

  • Sr. Member
  • ****
  • Posts: 392
Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

True


karen

  • Member
  • Posts: 537
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

The twin method can be used to investigate genetic and environmental influences on the development o The twin method can be used to investigate genetic and environmental influences on the development o
Equipment and supplies used during a physical examination. Equipment and supplies used during a physical examination.
Performing Venipuncture Using the Vacutainer Method Performing Venipuncture Using the Vacutainer Method
Managerial Accounting Managerial Accounting
The ChIPSeq method screens for specific transcription factor binding sites across a whole genome The ChIPSeq method screens for specific transcription factor binding sites across a whole genome
Computer-automated DNA sequencing using the chain-termination (Sanger) method Computer-automated DNA sequencing using the chain-termination (Sanger) method
Video: Fertilization and Development

For a complete list of videos, visit our video library