Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
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
In classifying transactions, which of the following is true in regard to assets? A. Normal balances and increases are debits. B. Normal balances and decreases are credits. C. Normal balances can either be debits or credits for assets. D. Normal balances are debits and increases can be debits or credits.
Weegy: In classifying transactions the following is true in regard to assets: A. Normal balances and increases are debits. User: An increase in an expense account must be A. debited B. credited C. either debited or credited, depending on the circumstances D. capitalized Weegy: An increase in an expense account must be A. debited. (More)
Question
Expert Answered
Asked 2/28/2012 11:52:46 AM
0 Answers/Comments
In the first month of operations, the total of the debit entries to the cash account amounted to $1,400 and the total of the credit entries to the cash account amounted to $600. The cash account has a A. $600 credit balance B. $1,400 debit balance C. $800 debit balance D. $800 credit balance
Weegy: C. $800 debit balance. $1,400 debit entries - $600 credit entries = $800 debit balance. User: Which ledger contains control accounts? A. Accounts receivable subsidiary ledger B. General ledger C. Accounts payable subsidiary ledger D. General revenue and expense ledger (More)
Question
Expert Answered
Asked 2/28/2012 12:00:39 PM
0 Answers/Comments
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
Weegy: B. expenses are matched with the revenue that is produced (More)
Question
Expert Answered
Updated 2/28/2012 1:43:17 PM
1 Answer/Comment
Under the cash basis of accounting: C. cash must be received before revenue is recognized.
Added 2/28/2012 1:43:17 PM
This answer has been added to the Weegy Knowledgebase
The Sarbanes Oxley Act (2002) applies to A. U.S. companies but not international companies B. international companies but not U.S. companies C. U.S. and Canadian companies but not other international companies D. U.S. and international companies
Weegy: A. U.S. companies but not international companies User: 29) The custodian of a company asset should A. have access to the accounting record for that asset B. be someone outside the company C. not have access to the accounting record for that asset D. be an accountant (More)
Question
Expert Answered
Asked 2/28/2012 12:49:48 PM
0 Answers/Comments
25,041,148 questions answered
Popular Conversations
Which of these transition words indicates ...
5/3/2016 9:14:35 AM| 2 Answers
product. (a 2 b 3)4
5/3/2016 11:25:38 AM| 2 Answers
All of the following statements about John Rolfe are true, ...
Weegy: Nathaniel Bacon was a governor of the colony of Virginia. User: In which of the following colonies did the ...
5/3/2016 11:51:19 AM| 2 Answers
What is the purpose of an action plan?
5/3/2016 11:58:11 AM| 2 Answers
Symbolism is defined as the
5/3/2016 12:09:59 PM| 2 Answers
Weegy Stuff
S
Points 191 [Total 191] Ratings 8 Comments 111 Invitations 0 Offline
S
Points 140 [Total 140] Ratings 2 Comments 110 Invitations 1 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 108 [Total 12360] Ratings 1 Comments 98 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 19 [Total 164] Ratings 0 Comments 19 Invitations 0 Offline
S
L
P
P
P
Points 15 [Total 3392] Ratings 0 Comments 15 Invitations 0 Offline
S
L
P
Points 14 [Total 1179] Ratings 0 Comments 14 Invitations 0 Offline
S
R
Points 10 [Total 732] Ratings 0 Comments 10 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 1 [Total 48] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.