Question and answer
According to the business entity concept, a proprietor may include nonbusiness assets and liabilities in the business entity's accounting records. (Points : 1) True False
According to the business entity concept, a proprietor may include nonbusiness assets and liabilities in the business entity's accounting records. FALSE
s
Question|Asked by pooh89
Asked 5/3/2015 1:34:27 PM
Updated 5/4/2015 6:00:23 AM
1 Answer/Comment
Get an answer
New answers
Rating
8
According to the business entity concept, a proprietor may include nonbusiness assets and liabilities in the business entity's accounting records. FALSE
Added 5/4/2015 6:00:23 AM
This answer has been confirmed as correct and helpful.
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by pooh89
An increase in a revenue account may also result in an increase in the accounts receivable account. (Points : 1) True False
Weegy: Accounts Receivable is amounts owed by customers to another entity in exchange for goods or services that have been delivered or used, but not yet paid for. User: Recognizing the effects of transactions on assets, liabilities, owner's equity, revenue, and expenses of a business is the processing function. (Points : 1) True False (More)
Question|Asked by pooh89
Updated 6/30/2015 5:30:19 PM
3 Answers/Comments
Recognizing the effects of transactions on assets, liabilities, owner's equity, revenue, and expenses of a business is the processing function. TRUE
Added 6/15/2015 7:47:35 AM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [6/30/2015 5:29:06 PM], Rated good by debnjerry
An increase in a revenue account may also result in an increase in the accounts receivable account. TRUE
Added 6/30/2015 5:30:07 PM
This answer has been confirmed as correct and helpful.
Please check the whole conversation.
Added 6/30/2015 5:30:19 PM
To debit an account is to enter an amount on the left side of the account. (Points : 1) True False
Question|Asked by pooh89
Not Answered
Updated 5/4/2015 5:55:10 AM
1 Answer/Comment
To debit an account is to enter an amount on the left sie of the account. TRUE
Added 5/4/2015 5:55:10 AM
This answer has been confirmed as correct and helpful.
Revenues (Points : 1) decrease liabilities. decrease cash. increase expenses. increase owner's equity.
Weegy: Revenues increase owner's equity. (More)
Question|Asked by pooh89
Expert Answered
Updated 5/4/2015 5:57:28 AM
0 Answers/Comments
Liability accounts normally have debit balances. (Points : 1) True False
Question|Asked by pooh89
Not Answered
Updated 5/4/2015 5:54:32 AM
1 Answer/Comment
Liability accounts normally have debit balances. FALSE - they normally have credit balances.
Added 5/4/2015 5:54:32 AM
This answer has been confirmed as correct and helpful.
An increase or decrease in any asset, liability, owner's equity, revenue, or expense is always accompanied by an offsetting change within the basic accounting elements. (Points : 1) True False
Question|Asked by pooh89
Updated 6/15/2015 7:06:09 AM
1 Answer/Comment
An increase or decrease in any asset, liability, owner's equity, revenue, or expense is always accompanied by an offsetting change within the basic accounting elements. TRUE
Added 6/15/2015 7:06:09 AM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [6/30/2015 5:30:33 PM], Rated good by debnjerry
34,851,012
questions answered
Popular Conversations
For each blank, write a word that is an antonym of the italicized ...
Weegy: 1. He couldn't bear the cold of Alaska after living in the heat of Texas. He has been accused of theft, but we ...
12/1/2021 5:52:40 PM| 8 Answers
1. What was the purpose of the Articles of Confederation? 2. When ...
Weegy: The purpose of the articles of confederation was To create a system of government to run the nation.
12/2/2021 7:00:06 PM| 7 Answers
_______ contain close to 70% of all the fresh water on Earth. _______ ...
Weegy: Glaciers contain close to 70% of all the fresh water on Earth. Wind erosion is most common in flat, bare areas ...
11/27/2021 6:09:43 PM| 6 Answers
During metamorphic processes, water facilitates the transfer of ions ...
Weegy: During metamorphic processes, water facilitates the transfer of ions between and within minerals, which can ...
11/23/2021 4:25:34 PM| 5 Answers
The four main purposes for academic writing are to _______, _______, ...
Weegy: The four main purposes for academic writing are to Inform, Entertain, Persuade, and Convince.
11/24/2021 12:59:51 AM| 5 Answers
The four main purposes for academic writing are to _______, _______, ...
Weegy: The four main purposes for academic writing are to Inform, Entertain, Persuade, and Convince.
11/29/2021 9:35:28 PM| 5 Answers
Fill in the blank. One of the best reasons to write is to _______ ...
Weegy: One of the best reasons to write is to express what we think.
11/23/2021 5:53:20 PM| 4 Answers
Earth's geochemical cycles remove and add materials, such as water ...
Weegy: The three main geochemical cycles of earth are: hydrologic, rock, and tectonic. User: Scientists' evidence ...
12/3/2021 12:14:44 AM| 3 Answers
(a) Green plants are called ________________ since they synthesise ...
Weegy: (a) Green plants are called AUTOTROPHS since they synthesise their own [ food. ]
12/3/2021 1:10:30 PM| 3 Answers
S
L
Points 93 [Total 504] Ratings 1 Comments 83 Invitations 0 Offline
S
L
Points 89 [Total 222] Ratings 0 Comments 89 Invitations 0 Offline
S
L
Points 81 [Total 529] Ratings 0 Comments 71 Invitations 1 Offline
S
L
P
P
L
P
P
P
L
P
Points 41 [Total 10219] Ratings 2 Comments 21 Invitations 0 Offline
S
L
R
R
Points 19 [Total 539] Ratings 0 Comments 19 Invitations 0 Offline
S
L
Points 12 [Total 853] Ratings 0 Comments 12 Invitations 0 Offline
S
L
1
1
1
1
1
1
1
1
Points 10 [Total 2904] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 7 [Total 7] Ratings 0 Comments 7 Invitations 0 Offline
S
L
C
R
L
P
P
Points 2 [Total 6982] Ratings 0 Comments 2 Invitations 0 Offline
S
L
1
1
1
Points 1 [Total 3576] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.