accounting answears to chapter 2 test

accounting answears to chapter 2 test - Ques 2 out of 2...

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Ques tion 1 2 out of 2 points The accounting process begins with: Selected Answer: Correct Answer: Feedback: correct
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Questio n 2 2 out of 2 points Source documents include all of the following except : Selected Answer: Correct Answer: Feedback: correct Questio n 3 2 out of 2 points A record of the increases and decreases in a specific asset, liability, equity, revenue or expense is a(n): Selected Answer: Correct Answer: Feedback: correct Questio n 4 0 out of 2 points Which of the following statements is correct? Selected Answer: Correct Answer: Feedback: incorrect Questio n 5 2 out of 2 points A written promise to pay a definite sum of money on a specific future date is a(n):
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Questio n 5 2 out of 2 points Selected Answer: Correct Answer: Feedback: correct Questio n 6 2 out of 2 points Which of the following statements about the Cash account are true? Selected Answer: Correct Answer: Feedback: correct Questio n 7 2 out of 2 points The general ledger of a business Selected Answer: Correct Answer: Feedback: correct Questio n 8 0 out of 2 points Which of the following statements is incorrect?
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Questio n 8 0 out of 2 points Selected Answer: Correct Answer: Feedback: incorrect Questio n 9 2 out of 2 points Which of the following statements is correct? Selected Answer: Correct Answer: Feedback: correct Question 10 0 out of 2 points A debit is used to record: Selected Answer: Correct Answer: Feedback: incorrect Question 11 0 out of 2 points Which of the following is a true statement regarding debits and credits? Selected Answer:
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Question 11 0 out of 2 points Correct Answer: Feedback: incorrect Question 12 0 out of 2 points Wisconsin Rentals purchased office supplies on credit. The general journal entry made by Wisconsin Rentals will include a: Selected Answer: Correct Answer: Feedback: incorrect Question 13 2 out of 2 points Robert Haddon contributed $70,000 in cash and some land worth $130,000 to open a new business, RH Consulting. Which of the following general journal entries will RH Consulting make to record this transaction? Selected Answer: Correct Answer: Feedback: correct Question 14 0 out of 2 points On September 30, the Cash account of Value Company had a normal balance of $5,000. During September, the account was debited for a total of $12,200 and credited for a total of
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This note was uploaded on 11/07/2010 for the course BUS bus142-061 taught by Professor Dr.nedry during the Spring '10 term at Owens.

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accounting answears to chapter 2 test - Ques 2 out of 2...

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