Question 6 of 20 50 50 points a liability would be

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Online Exam 3....accounting

Question 5   of 20 0.0 / 5.0 Points A chart of accounts __________.
A.  is set up in alphabetical order
B.  includes account balances
C.  is a listing of all the accounts used by a company
D.  All of the above answers are correct .
Question 6   of 20 5.0 / 5.0 Points A liability would be credited and an expense debited if __ _ _ ______.
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Question 7   of 20 5.0 / 5.0 Points The business incurred an expense and paid it immediately . To record this __ _ _ ______.
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Question 8   of 20 5.0 / 5.0 Points The business bought supplies on account . To record this __ _ _ ______.
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Question 9   of 20 5.0 / 5.0 Points The ledger is __________.
A.  a group of accounts that records data from business transactions
B.  a tool used to make sure that all accounts have normal balances
C.  a chronological record of the day 's transactions
D.  a tool used to ensure that debits equal credits
Question 10   of 20 5.0 / 5.0 Points The left side of any account is the __ _ _ ______.
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Question 6 of 20 5.0/ 5.0 Points A liability would be credited and an expense debited if __________. A. the business paid a creditor
B. the business incurred an expense and did not pay the expense immediately C. the business bought supplies on account D. the business bought supplies for cash Question 7 of 20 5.0/ 5.0 Points The business incurred an expense and paid it immediately. To record this __________.
D. None of the above answers are correct. Question 8 of 20 5.0/ 5.0 Points The business bought supplies on account. To record this __________.
Question 9 of 20 5.0/ 5.0 Points The ledger is __________.

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