ACCT105 Week 2 Quiz - ACCT105 Week 2 Quiz Return to Assessment List 510427 ACCT105 Week 2 Part 1 of 1 90.0 100.0 Points 10.0 10.0 Points Question 1 of

ACCT105 Week 2 Quiz - ACCT105 Week 2 Quiz Return to...

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ACCT105 Week 2 Quiz Return to Assessment List Part 1 of 1 - 90.0/ 100.0 Points Question 1 of 1010.0/ 10.0 PointsA journal aids in the division of labor by allowing one person to journalize entries while another individual may post these entries. Question 2 of 1010.0/ 10.0 PointsThe Office Equipment account normally has a credit balance. Question 3 of 1010.0/ 10.0 PointsWhich of the following is not a business asset? 510427 ACCT105 Week 2
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Question 4 of 1010.0/ 10.0 PointsA general journal entry having two debits and a credit is a compound entry. Question 5 of 1010.0/ 10.0 PointsA purchase of land or equipment for cash would cause total assets to increase by the cost of the land or equipment. Question 6 of 1010.0/ 10.0 PointsSince a particular journal entry has equal debits and credits, this entry must be correct.
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