An account in the chart of accounts is assigned a number at random. (Points : 1) True False

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An account in the chart of accounts is assigned a number at random. FALSE.

Expert answered|destle6|Points 1548|

Question|Asked by Calann

Asked 10/1/2015 11:47:09 PM

Updated 10/2/2015 12:35:16 AM

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This answer has been confirmed as correct and helpful.

Edited by jeifunk [10/2/2015 12:35:16 AM]

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Questions asked by Calann

The depreciation system used by many businesses for tax purposes is the (Points : 1) Accelerated Cost Recovery System. Modified Adjusted Cost Recovery System. Modified Actual Cost Recovery System. Modified Accelerated Cost Recovery System.

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Question|Asked by Calann

Updated 10/2/2015 1:37:06 AM

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jeifunk

The depreciation system used by many businesses for tax purposes is the Modified Accelerated Cost Recovery System.

Added 10/2/2015 1:37:06 AM

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The fourth pair of columns on a 10-column work sheet prepared at the end of the period would be the (Points : 1) Income Statement columns. Adjustments columns. Balance Sheet columns. Adjusted Trial Balance columns.

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Question|Asked by Calann

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Updated 10/2/2015 1:30:36 AM

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jeifunk

The fourth pair of columns on a 10-column work sheet prepared at the end of the period would be the : Income Statement columns.

Added 10/2/2015 1:30:36 AM

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The purchases discounts account is debited for cash discounts to customers. True False

Weegy: The purchases discounts account is debited for cash discounts to customers. TRUE. (More)

Question|Asked by Calann

Expert Answered

Updated 12/1/2019 5:48:23 PM

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Purchase invoices received from suppliers provide information about (Points : 1) cash receipts. sales of goods. purchases of goods or services. cash payments.

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Question|Asked by Calann

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Updated 10/2/2015 12:26:56 AM

1 Answer/Comment

jeifunk

Purchase invoices received from suppliers provide information about purchases of goods or services.

Added 10/2/2015 12:26:56 AM

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Service revenue received in cash is entered by (Points : 1) debiting Cash and crediting Service Revenue. debiting Service Revenue and crediting Cash. debiting Cash and crediting Accounts Payable. debiting Accounts Payable and crediting Cash.

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Question|Asked by Calann

Not Answered

Updated 10/2/2015 1:32:39 AM

1 Answer/Comment

Mayang30

Service revenue received in cash is entered by: Debiting cash and crediting service revenue.

Added 10/2/2015 1:32:39 AM

This answer has been confirmed as correct and helpful.

Confirmed by jeifunk [10/2/2015 1:51:36 AM], Rated good by jeifunk

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