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The person who reviews the operating and accounting control procedures adopted by management to make sure the controls are adequate may be referred to as a(n) (Points : 3) bookkeeper. accountant. information processor. internal auditor.
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Asked 1/26/2014 1:41:20 PM
Updated 1/26/2014 7:46:44 PM
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Flagged by debnjerry [1/26/2014 7:46:44 PM]
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User: The person who reviews the operating and accounting control procedures adopted by management to make sure the controls are adequate may be referred to as a(n) (Points : 3) bookkeeper. accountant. information processor. internal auditor.

Weegy: The person who reviews the operating and accounting control procedures adopted by management to make sure the controls are adequate may be referred to as a(n)internal auditor.
jeifunk|Points 13708|

User: 2. Since financial information is communicated in accounting terms, accounting is said to be (Points : 3) the language of business. public. private. nonprofit.

Weegy: Financial information is communicated in accounting terms, accounting is said to be the LANGUAGE OF BUSINESS.
carl1980|Points 552|

User: Certified Public Accountant is a professional designation that a public accountant can earn by passing a written exam and completing a specific amount of work experience. (Points : 3) True False

Weegy: It is TRUE that Certified Public Accountant is a professional designation that a public accountant can earn by passing a written exam and completing a specific amount of work experience. [ ]
carl1980|Points 552|

User: The financial statement that shows the state of the firm's assets, liabilities, and owner's equity on a specific date is called a(n) (Points : 3) balance sheet. statement of operations. statement of owner's equity. income statement.

Weegy: The financial statement that shows the state of the firm's assets, liabilities, and owner's equity on a specific date is called: A. BALANCE SHEET.
andrewpallarca|Points 30126|

User: Increases to owner's equity may be from (Points : 3) expenses that are incurred. expenses exceeding revenue for the period. withdrawals of cash from the business by the owner. revenue that is derived from sales of goods or services.

Weegy: Increases to owner's equity may be from withdrawals of cash from the business by the owner.
wisbest|Points 2853|

User: Any item a business owns that will provide future benefits is called owner's equity. (Points : 3) True False

Weegy: False It is assets. Any item a business owns that will provide future benefits is called asset.
quincyborks|Points 226|

User: Meghan started her business by investing $30,000 in cash. This transaction would (Points : 3) increase assets and increase owner's equity. increase assets and increase liabilities. increase one asset and decrease another asset. decrease assets and decrease liabilities.

Weegy: Meghan started her business by investing $30,000 in cash. This transaction would increase assets and increase owner's equity. [ ]
jeifunk|Points 13708|

Question
Asked 1/26/2014 1:41:20 PM
Updated 1/26/2014 7:46:44 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry [1/26/2014 7:46:44 PM]
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Increases to owner's equity may be from revenue that is derived from sales of goods or services.
Added 1/26/2014 7:46:27 PM
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Questions asked by the same visitor
purchase of an asset on account (Points : 3) increases cash. decreases owner's equity. increases assets. decreases expenses
Weegy: A purchase of an asset on account increases assets. User: 3. The sum of the debits must equal the sum of the credits on the trial balance. (Points : 3) True False (More)
Question
Updated 1/26/2014 7:40:01 PM
1 Answer/Comment
The sum of the debits must equal the sum of the credits on the trial balance. True.
Added 1/26/2014 7:40:01 PM
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3. The sum of the debits must equal the sum of the credits on the trial balance. (Points : 3) True False
Question
Updated 1/26/2014 7:39:05 PM
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The sum of the debits must equal the sum of the credits on the trial balance. This is TRUE.
Added 1/26/2014 7:39:05 PM
This answer has been confirmed as correct and helpful.
Meghan started her business by investing $30,000 in cash. This transaction would (Points : 3) increase assets and increase owner's equity. increase assets and increase liabilities. increase one asset and decrease another asset. decrease assets and decrease liabilities.
Weegy: Meghan started her business by investing $30,000 in cash. This transaction would increase assets and increase owner's equity. [ ] User: ason purchased office equipment for $4,800 on account. This transaction would (Points : 3) increase assets and increase owner's equity. increase assets and increase liabilities. increase one asset and decrease another asset. decrease assets and decrease liabilities. Weegy: This would increase assets as office equipment would increase by $4,800 and liabilities would increase since it was purchased on account, the accounts payable would also increase. (More)
Question
Updated 1/26/2014 7:43:26 PM
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The person who reviews the operating and accounting control procedures adopted by management to make sure the controls are adequate may be referred to as a(n)
Weegy: The person who reviews the operating and accounting control procedures adopted by management to make sure the controls are adequate may be referred to as a(n) internal auditor. (More)
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Expert Answered
Updated 1/26/2014 7:46:54 PM
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he fact that each transaction has a dual effect on the accounting elements provides the basis for what is called (Points : 3) single-entry accounting. compound-entry accounting. multiple-entry accounting. double-entry accounting.
Weegy: The fact that each transaction has a dual effect on the accounting elements provides the basis for what is called double-entry accounting. ] (More)
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Updated 1/26/2014 7:41:12 PM
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