FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Text Predictions: On FO
TUR
References Mailings Review View
Help
Insert Draw Design Layout
IEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View.
3
V
<
1 (5) Protected View Saved ✓
Commodities 20.000
1- Which numbers given below are the first digits of income statement accounts?
A) 3,4
B) 5,6
D)6,7
C) 4,5
2- Which account doesnt start with 2?
A) Equipment B) Buildings
C) Patents
D) Inventory
3- Where is "Domestic Sales" account recorded in the income statement?
A) Current Assets
B) Expenses
C)Non Current Assets
4- Where is "Accounts Receivable" account recorded in the balance sheet?
A)Long Term Liabilities
B) Current Assets
C) Owner's Equity
5- Where is "Accounts Payable" account recorded in the balance sheet?
A)Long Term Liabilities
B) Non Current Assets C) Owner's Equity
6- Where is "bunds Payable" account recorded in the balance sheet?
A)Long Term Liabilities.
Non Current Assets
C) Current Assets
7- Where is "Less Treasury Stock" account recorded in the balance sheet?
A)Long Term Liabilities
B) Non Current Assets C) Current Assets
D) Owner's Equity
8- The Y Company has bought 20.000 worth of commodities but did not pay the money yet. How to record this transaction?
A)
B)
C)
D)
A)
Cash
20.000
A/P 10.000
Cash
B)
Search
Commodities 20.000
Account's Payable 20.000
Bank.
%
10.000
10.000 Account's Receivable 10.000
Enable Editing
9- The Y Company has paid salaries for 10000 with cash. How to record this transaction ? (A/P = Account's Payable) (GAE= General
Administrative Expenses)
F6
C)
D)Revenues
D) Short Term Liabilities
D) Short Term Liabilities
D) Owner's Equity
Cash 20.000
Commodities 20.000
GAE 10.000
Cash
10.000
Account's Payable 20.000
Commodities 20.000
D)
PrtScn
بحث
A/P 10.000
A
Bank
10.000
Focu
expand button
Transcribed Image Text:Text Predictions: On FO TUR References Mailings Review View Help Insert Draw Design Layout IEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. 3 V < 1 (5) Protected View Saved ✓ Commodities 20.000 1- Which numbers given below are the first digits of income statement accounts? A) 3,4 B) 5,6 D)6,7 C) 4,5 2- Which account doesnt start with 2? A) Equipment B) Buildings C) Patents D) Inventory 3- Where is "Domestic Sales" account recorded in the income statement? A) Current Assets B) Expenses C)Non Current Assets 4- Where is "Accounts Receivable" account recorded in the balance sheet? A)Long Term Liabilities B) Current Assets C) Owner's Equity 5- Where is "Accounts Payable" account recorded in the balance sheet? A)Long Term Liabilities B) Non Current Assets C) Owner's Equity 6- Where is "bunds Payable" account recorded in the balance sheet? A)Long Term Liabilities. Non Current Assets C) Current Assets 7- Where is "Less Treasury Stock" account recorded in the balance sheet? A)Long Term Liabilities B) Non Current Assets C) Current Assets D) Owner's Equity 8- The Y Company has bought 20.000 worth of commodities but did not pay the money yet. How to record this transaction? A) B) C) D) A) Cash 20.000 A/P 10.000 Cash B) Search Commodities 20.000 Account's Payable 20.000 Bank. % 10.000 10.000 Account's Receivable 10.000 Enable Editing 9- The Y Company has paid salaries for 10000 with cash. How to record this transaction ? (A/P = Account's Payable) (GAE= General Administrative Expenses) F6 C) D)Revenues D) Short Term Liabilities D) Short Term Liabilities D) Owner's Equity Cash 20.000 Commodities 20.000 GAE 10.000 Cash 10.000 Account's Payable 20.000 Commodities 20.000 D) PrtScn بحث A/P 10.000 A Bank 10.000 Focu
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