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

Author Question: Account type and normal balance of the Purchases Account: a. Asset, DR b. Asset, CR c. Expense, ... (Read 137 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Jul 6, 2018
Account type and normal balance of the Purchases Account:
 a. Asset, DR
   b. Asset, CR
   c. Expense, DR
   d. Expense, CR

Question 2

Under the modified accrual basis, revenues are considered available to finance current period expenditures if
 
  a. legally available to finance current period expenditures.
  b. collected during the current period.
  c. collected in the current period or soon enough thereafter to be used to pay liabilities of the current period.
  d. both items a and b.
  e. Both items a and c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jmfn03

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

E


piesebel

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jul 6, 2018
Correct answers!


Jmfn03

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jul 6, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

The Indian palm squirrel is the most common type of squirrel found in India. The Indian palm squirrel is the most common type of squirrel found in India.
When checking a waste spark-type ignition system, check that the secondary wires are attached to the ... When checking a waste spark-type ignition system, check that the secondary wires are attached to the ...
Normal action of antidiuretic hormone. Normal action of antidiuretic hormone.
Normal vs. Frank Breech Normal vs. Frank Breech
Cancerous cells versus normal cells Cancerous cells versus normal cells
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library