Author Question: When an owner deposits cash in an account in the name of the business, it is an increase to a. Cash ... (Read 98 times)

09madisonrousseau09 · **on:** Jul 6, 2018

When an owner deposits cash in an account in the name of the business, it is an increase to
a. Cash and Accounts Receivable.
b. Cash and Drawing.
c. Cash and Capital.
d. Cash and Accounts Payable.
e. Cash and Rent Expense.

Question 2

A failure in the preparation of data may render the results of a test inaccurate.

Indicate whether the statement is true or false

amandanbreshears · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

C

Answer to Question 2

TRUE
Explanation: Any failures in data preparation will certainly be reflected in the analysis, either through inability to conduct a test or inaccurate results of the test.