1./ A partnership closes current earnings to the following account(s):

a. retained earning

b. partners capital accounts

c. partners draw accounts

d. capital stock

2./ DOS stands for the number of days sales outstanding in:

a. account receivable

b. inventory

c. accounts payable

d. the available cash balance

3./ A increase affects a liability and expense accounts in the same way ( by either a debit or credit ).

a. True

b. False

4./ To defer an expense means to recognize the expense in a period or periods subsequent to the recording of the original transaction.

a. True

b. False

5./ When performing a cash payments transaction in integrated accounting the account most commonly credited is:

a. expense

b. cash

c. inventory

c. account payable

6./ The normal balance of an asset account is opposite the normal balance of:

a. expense and equity accounts only

b. equity liability and income accounts

c. expense liability and equity accounts

d. liability and equity accounts only

7./ In integrated accounts, the followings steps must be performed to ensure an accurate payroll?

a. Enter payroll transaction; Generate current Payroll Journal Entries; Generate Employers Payroll Taxes Journal Entry.

b. Enter payroll transactions; Generate current Payroll Journal Entry; Generate employees Payroll Taxes Journal Entry.

c. Enter payroll transactions; Generate Employees Payroll Taxes Journal Entry; Calculate Voluntary Deductions.

d. Enter payroll transactions; Calculate Voluntary Deductions; Generate employers Payroll Taxes Journal Entry

8./ The two types of inventory control methods are and.(please be careful to check your spelling; an incorrect spelling may result in an incorrect answer,)

please help me answer those questions. Thank you very much