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 22 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
Excellent

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

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.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

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.

Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Accounting (Making Entries) Accounting (Making Entries)
Scientific Method Review Scientific Method Review
linear programming problem, applying simplex method and sensitivity analysis linear programming problem, applying simplex method and sensitivity analysis
Offset Method Plot of Land with Offset Lines Offset Method Plot of Land with Offset Lines
Video: DNA close up Animation

For a complete list of videos, visit our video library