Quiz 6 - View My Grades HOMEWORK MANAGER > STUDENTS >...

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View My Grades HOMEWORK MANAGER > STUDENTS > VIEW MY GRADES > ALL QUESTIONS Return to Previous Main Menu Exit Current Session Help Question 1: Score 1/1 International accounting rules and generally accepted accounting principles (GAAP) are alike in every respect. Your Answer: Choice Selected True False Question 2: Score 1/1 The manager of National Software wants to know how many Microsoft Excel programs the store sold in June. This information is contained in the Inventory controlling account. Your Answer: Choice Selected True False Question 3: Score 1/1 Net sales means total sales revenue less sales returns and allowances less sales discounts. Your Answer: Choice Selected True False Question 4: Score 1/1
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Today, most large merchandising companies use a perpetual inventory system. Your Answer: Choice Selected True False Question 5: Score 0/1 In a periodic inventory system the Cost of Goods Sold account may be created during the closing process by debiting Cost of Goods Sold and crediting the Beginning Inventory and the
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This note was uploaded on 11/10/2009 for the course ACCOUNTING FA taught by Professor Jonathan during the Spring '08 term at Maastricht.

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Quiz 6 - View My Grades HOMEWORK MANAGER > STUDENTS >...

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