Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

asap pls a What kind of items will you find in the Assets category? Select all answers that apply: A. credit card bills B. cash

asap pls
image text in transcribed
a What kind of items will you find in the Assets category? Select all answers that apply: A. credit card bills B. cash FC. marketable securities D. capital accounts E. accruals of taxes owed b Which of the following statements is/are true about the General Alphabetic section of the numeric file? Select all answers that apply: DA. Its reserved for records that have not been assigned with numbers. B. The records in this section are filed according to the correspondents' names. C. It there's an accumulation of two or more records in this section concerning the same correspondent, a number folder is assigned D. Files are arranged in consecutive numeric order. E. A record is filed in this section according to a temporary filing number c When setting up a business, you may choose to use the Cash accounting method of the Accrual accounting method What does the Accrual accounting method recognize? Select the single best answer: A. the income and expenses when they occur B. the sum of your Accounts Payable account(s) C. the sum of your Accounts Receivable account(s) D. the income and expenses when you receive cash E only the expenses when you make a payment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Governmental and Nonprofit Entities

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

15th Edition

978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960

More Books

Students also viewed these Accounting questions