Quiz_8 - Revised July 2008 ACC101 CHAPTER 6 Accounting Cash...

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Acct-101 new Quiz 8 Which of the following is NOT one of the three phases which is needed when changing an accounting system, either in its entirety or in part? analysis design review implementation Which of the following is NOT an element of Internal Controls? to protect assets from misuse ensure the accuracy of business information ensure that laws and regulations are followed to ensure that the company's policies are in place to maximize profits At the end of the month, the total of the amount column of the revenue journal is posted as a debit to Accounts Receivable and a credit to Cash debit to Accounts Receivable and a credit to Fees Earned debit to Cash and a credit to Fees Earned debit to Cash and a credit to Accounts Payable Which of the following transactions is recorded in the purchases journal? purchase of store supplies on account return of damaged office equipment purchase of store supplies for cash purchase of office equipment for cash Which of the following transactions is recorded in the revenue journal? sale of excess office equipment for cash
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This note was uploaded on 03/01/2010 for the course ACCT 2301 taught by Professor White during the Spring '08 term at Central Texas College.

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Quiz_8 - Revised July 2008 ACC101 CHAPTER 6 Accounting Cash...

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