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

Author Question: Type of account and normal balance of Sales Discount: a. Asset, DR b. Revenue, CR c. Liability, ... (Read 95 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jul 6, 2018
Type of account and normal balance of Sales Discount:
 a. Asset, DR
   b. Revenue, CR
   c. Liability, CR
   d. Contra-Revenue, DR

Question 2

Which of the following has the highest level of authority for a government under GAAP?
 
  a. A FASB standard.
  b. A GASB Implementation Guide.
  c. AICPA Industry Audit and Accounting Guide for local governments cleared by the GASB.
  d. An article in the Journal of Accountancy


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 6, 2018
Answer to Question 1

d

Answer to Question 2

C


FButt

  • Member
  • Posts: 519
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Changes in the bronchioles during an asthma attack: (a) Normal bronchiole; (b) the inflammatory comp Changes in the bronchioles during an asthma attack: (a) Normal bronchiole; (b) the inflammatory comp
Renal regulation of sodium and potassium balance. Renal regulation of sodium and potassium balance.
Comparison of Type 1 and Type 2 Diabetes Comparison of Type 1 and Type 2 Diabetes
Type of Interactions, Model, Examples and Dependence of Energy on Distance Type of Interactions, Model, Examples and Dependence of Energy on Distance
Energy Balance and Imbalances Energy Balance and Imbalances
Fluid Balance Fluid Balance
Video: Introduction to Pre-eclampsia

For a complete list of videos, visit our video library