Question
Accounts Receivable Service Revenue a. Both Accounts Receivable and Service Revenue b. Service Revenue only c. Neither Accounts Receivable nor Service Revenue d. Accounts Receivable
Accounts Receivable Service Revenue a. Both Accounts Receivable and Service Revenue b. Service Revenue only c. Neither Accounts Receivable nor Service Revenue d. Accounts Receivable only QUESTION 39 Which of the following are parts of retained earnings that get separated into temporary accounts during the year? Liabilities Assets a. Assets only b. Both Liabilities and Assets Oc. Liabilities only Od. Neither Liabilities nor Assets QUESTION 40 Which of the following accounts are increased by credits? Assets Dividends a. Both Assets and Dividends Ob. Dividends only c. Assets only d. Neither Assets nor Dividends QUESTION 41 Which of the following are part of the system used to record and summarize accounting information? The left half of an account is known as the debit side The right half of an account is known as the credit side a. Both I and II Ob.ll only a. Neither I nor II) d.1 only Which of the following are current assets? a. Accounts Receivable Service Revenue Both Accounts Receivable and Service Revenue: b. Service Revenue only c. Neither Accounts Receivable nor Service Revenue d. Accounts Receivable only t QUESTION 39 Which of the following are parts of retained earnings that get separated into temporary accounts during the year? Liabilities Assets a. Assets only b. Both Liabilities and Assets c. Liabilities only d. Neither Liabilities nor Assets QUESTION 40 Which of the following accounts are increased by credits? Assets Dividends a. Both Assets and Dividends b. Dividends only c. Assets only d. Neither Assets nor Dividends QUESTION 41 Which of the following are part of the system used to record and summarize accounting information? 1. The left half of an account is known as the debit side The right half of an account is known as the credit side Oa. Both I and II b. ll only c. Neither I nor l
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