You have new items in your feed. Click to view.
Question and answer
7) Which ledger contains control accounts? A. Accounts receivable subsidiary ledger B. General ledger C. Accounts payable subsidiary ledger D. General revenue and expense ledger
Accounts Receivable and Accounts Payable are examples of both nominal accounts and controlling accounts.
Get an answer
Original conversation
User: 7) Which ledger contains control accounts? A. Accounts receivable subsidiary ledger B. General ledger C. Accounts payable subsidiary ledger D. General revenue and expense ledger

Weegy: Accounts Receivable and Accounts Payable are examples of both nominal accounts and controlling accounts.
OxTornado007|Points 5878|

User: Smith is a customer of ABC Corporation. Smith typically purchases merchandise from ABC on account. Which ledger would ABC use to keep track of the details of Smith’s account? A. Accounts receivable subsidiary ledger B. Accounts receivable control ledger C. General ledger D. Accounts payable subsidiary ledger

Weegy: D. Accounts payable subsidary ledger
cjam_1977|Points 290|

User: ) Under the cash basis of accounting, A. revenue is recognized when services are performed B. expenses are matched with the revenue that is produced C. cash must be received before revenue is recognized D. a promise to pay is sufficient to recognize revenue

User: Under the accrual basis of accounting, A. cash must be received before revenue is recognized B. net income is calculated by matching cash outflows against cash inflows C.events that change a company’s financial statements are recognized in the period they occur rather than in the period in which the cash ispaid or received D. the ledger accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles

Weegy: Under the accrual basis of accounting, C. events that change a company's financial statements are recognized in the period they occur rather than in the period in which the cash is paid or received
Expert answered|businesslady|Points 1013|

Question
Asked 10/15/2012 6:44:22 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
The Vintage Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $2,000 on hand. The adjusting entry that should be made by the company on June 30 is A. debit Laundry Expense, $2,000; credit Laundry Expense$2,000 B. debit Laundry Expense, $4,500; credit Laundry Supplies Expense, $4,500 C. debit Laundry Supplies, $2,000; credit Laundry Supplies Expense, $2,000 D. debit Laundry ...
Weegy: D. debit Laundry Supplies Expense, $4,500; credit Laundry Supplies, $4,500 User: Greese Company purchased office supplies costing $4,000 and debited Office Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1,100 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be A. debit Office Supplies Expense, $1,100; credit Office Supplies, $1,100 B. debit Office Supplies, $2,900; credit Office Supplies Expense, $2,900 C. debit Office Supplies Expense, $2,900; credit Office Supplies, $2,900 D. debit Office Supplies, $1,100; credit Office Supplies Expense, $1,100 Weegy: The appropriate adjusting journal entry is: C. debit Office Supplies Expense, $2,900; credit Office Supplies, $2,900 (More)
Question
Expert Answered
Asked 10/15/2012 6:50:53 PM
0 Answers/Comments
25,804,027 questions answered
Popular Conversations
How many terms are in the expression shown below? a2 - ab + 8b + b2 ...
Weegy: There are 5 terms in the expression a2 - ab + 8b + b2 - 1. User: Simplify 8 - {x - (5 + x)}. 3 13 -2x + ...
7/28/2016 2:50:36 PM| 4 Answers
Which of the following most accurately describes Juliet's feelings ...
Weegy: She is worried that something has happened to Romeo is most accurately describes Juliet's feelings while waiting ...
7/28/2016 9:29:26 AM| 2 Answers
Evaluate 7 + (-4x2) for x = 0. 0 3 7 23
Weegy: 7 + (-4x^2) for x = 0 = 7 + [-4(0)^2]; = 7 + 0; = 7 User: Simplify -|-7 + 4|. User: Simplify -|-7 + ...
7/28/2016 3:15:42 PM| 2 Answers
If your listening preference is to “cut to the chase” by getting to ...
Weegy: If your listening preference is to cut to the chase? by getting to the point quickly, then you are a ...
7/28/2016 9:58:15 PM| 2 Answers
Weegy Stuff
S
P
L
Points 622 [Total 1372] Ratings 3 Comments 592 Invitations 0 Offline
S
L
P
P
P
Points 399 [Total 3147] Ratings 0 Comments 399 Invitations 0 Offline
S
P
Points 330 [Total 589] Ratings 1 Comments 320 Invitations 0 Offline
S
Points 317 [Total 738] Ratings 2 Comments 297 Invitations 0 Offline
S
L
P
P
P
Points 112 [Total 3816] Ratings 0 Comments 112 Invitations 0 Offline
S
Points 88 [Total 227] Ratings 0 Comments 88 Invitations 0 Offline
S
Points 21 [Total 71] Ratings 2 Comments 1 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 8 [Total 12606] Ratings 0 Comments 8 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
S
L
Points 3 [Total 1766] Ratings 0 Comments 3 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.