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 ... (More)
Question
Expert Answered
Asked 10/15/2012 6:50:53 PM
0 Answers/Comments
17,093,965 questions answered
Popular Conversations
How many solutions does the equation |3x + 7| = –4 ...
Weegy: |2x + 1| > 5 2x + 1 > 5 or 2x + 1 4 or 2x 2 or x User: Which value of x is in the solution set of 2|x – 3| < ...
8/20/2014 4:10:36 PM| 3 Answers
Express as ordinary numbers. 8.97 x 10-3 0.0897 0.00897 8,970
Weegy: 68.047
8/20/2014 6:40:43 AM| 2 Answers
Evaluate -4|-4|.
8/20/2014 11:05:19 AM| 2 Answers
What is cartography?
Weegy: Cartography is the study and practice of making maps. User: What is hegemony?
8/20/2014 11:48:44 AM| 2 Answers
One of the major techniques of parody is incongruity, or ...
Weegy: One of the major techniques of parody is incongruity, or __b. pairings that don't belong together ... According ...
8/20/2014 1:45:45 PM| 2 Answers
A Hospital sign is an example of a __________ sign. A. regulatory B. ...
Weegy: B.Warning. Satisfied please click good. Thanks User: Which of the following statements define drug abuse? ...
8/20/2014 3:24:46 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 1758 [Total 23358]| Ratings 2| Comments 1738| Invitations 0|Offline
S
L
1
L
Points 1355 [Total 5331]| Ratings 5| Comments 1305| Invitations 0|Online
S
L
C
P
C
1
L
L
Points 1255 [Total 14869]| Ratings 7| Comments 1185| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 1204 [Total 8911]| Ratings 2| Comments 1184| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1061 [Total 16088]| Ratings 2| Comments 1041| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 840 [Total 18411]| Ratings 0| Comments 840| Invitations 0|Offline
S
1
L
Points 428 [Total 4992]| Ratings 0| Comments 428| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 375 [Total 11036]| Ratings 1| Comments 365| Invitations 0|Offline
S
Points 246 [Total 246]| Ratings 1| Comments 226| Invitations 1|Offline
S
Points 217 [Total 228]| Ratings 3| Comments 157| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.