Question and answer
A T account for Cash cannot contain any credits. (Points : 5) True False
Question
Asked 2/7/2013 8:51:59 AM
Updated 7/9/2014 9:21:41 PM
3 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by debnjerry [7/9/2014 9:21:41 PM]
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User: With few exceptions, the balance of all accounts should be on the side of the T account that causes the increase. (Points : 5) True False

User: 6. The origins of single-entry accounting were documented in a book written by Pacioli over 500 years ago. It includes the concepts of bookkeeping that are still applied today. (Points : 5) True False

User: A T account for Cash cannot contain any credits. (Points : 5) True False

Weegy: True
audrey17|Points 954|

User: Every adjustment involves at least one income statement and one balance sheet account. (Points : 5) True False

Weegy: False
Expert answered|Ryan James|Points 0|

Question
Asked 2/7/2013 8:51:59 AM
Updated 7/9/2014 9:21:41 PM
3 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by debnjerry [7/9/2014 9:21:41 PM]
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The origins of single-entry accounting were documented in a book written by Pacioli over 500 years ago. It includes the concepts of bookkeeping that are still applied today. This is True.

Added 7/8/2014 11:20:06 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [7/8/2014 11:30:45 PM]
3
A T account for Cash cannot contain any credits. This is FALSE.
Added 7/9/2014 9:17:59 PM
This answer has been confirmed as correct and helpful.
3
Every adjustment involves at least one income statement and one balance sheet account. This is TRUE.
Added 7/9/2014 9:21:33 PM
This answer has been confirmed as correct and helpful.
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