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
18,421,820 questions answered
Popular Conversations
It rained yesterday and is supposed to be sunny today. This is an ...
Weegy: It is an example of B) climate. User: In Hawaii, you can almost always expect 80°F temperatures and daily ...
11/23/2014 3:21:11 AM| 3 Answers
United by common purpose with the majority power residing in the ...
Weegy: United by a common purpose, with the majority of power residing in the states is descriptive of Confederate ...
11/23/2014 12:33:41 AM| 2 Answers
Well, you see, I am accepting the Nobel Prize in literature. a. ...
Weegy: Well, you see, I am accepting the Nobel Prize in literature. The word well is an interjection. User: The ...
11/23/2014 1:40:22 AM| 2 Answers
Minorities and women found employment opportunities mainly a. in ...
Weegy: During World War I minorities and women found employment opportunities mainly in war-related industries. ...
11/23/2014 6:48:35 AM| 2 Answers
In addition to replacing the president if necessary, it's the duty ...
Weegy: In addition to replacing the president if necessary, it's the duty of the vice president to preside over the ...
11/23/2014 7:20:50 AM| 2 Answers
how do I get points
11/23/2014 9:19:57 AM| 2 Answers
Select the product of (5x - 4)(5x + 9). 25x2 - 25x - 36 50x - ...
Weegy: (5x + 1)? User: Select the product of (5x - 4)(5x + 9). a. 25x2 - 25x - 36 b. 50x - 36 c. 25x2 + 25x - ...
11/23/2014 2:08:28 PM| 2 Answers
22n 22 - n n + 22 n - 22
Weegy: N - 8 = 22 represents "the difference between a number and eight is twenty-two". User: Select the expression ...
11/23/2014 3:02:40 PM| 2 Answers
what does the expression 22n means?
11/23/2014 3:05:20 PM| 2 Answers
__________ is an up-front, one-time cost of home ownership. (Points : ...
Weegy: a and b - down payment and closing costs is an up-front, one-time cost of home ownership.
11/23/2014 7:03:06 PM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2447 [Total 14158]| Ratings 10| Comments 2347| Invitations 0|Offline
S
L
Points 1322 [Total 3608]| Ratings 0| Comments 1322| Invitations 0|Offline
S
L
Points 731 [Total 1252]| Ratings 6| Comments 671| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 719 [Total 14093]| Ratings 0| Comments 719| Invitations 0|Offline
S
Points 549 [Total 581]| Ratings 1| Comments 539| Invitations 0|Offline
S
1
L
L
Points 222 [Total 6616]| Ratings 0| Comments 222| Invitations 0|Offline
S
L
Points 154 [Total 1450]| Ratings 3| Comments 124| Invitations 0|Online
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
S
Points 40 [Total 40]| Ratings 4| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.