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eBook Multiple Choice 3-3 Which of the following would not be an account found in the financial statements? O a. Equipment O b. Salaries Payable
eBook Multiple Choice 3-3 Which of the following would not be an account found in the financial statements? O a. Equipment O b. Salaries Payable O c. Employees' Porsonal Data O d Dividends 2. eBook Multiple Choice 3-4 Which of the following is false regarding a chart of accounts? 0 a. The total number of asset accounts must equal the total number of liability accounts b. A chart of accounts is a listing of all the accounts that a company uses te record reaumag iahinden 0 c. Each accoent listing contains an account name and . numerical reference O d. Cherts of accounts will vary across companies 3. eBook Multiple Choice 3-5 Which of the following is false? z. A company can hav++ transaction that affects only the left side of the-damental ,ceo O b. In each accounting transaction, total debits to assets must equal total credits to habilicies O e. The fundamental accounting equation will always balence after each correctly recarded accousting transaction d. All of these choices are true accounting equation Multiple Choice 3-6 Which of the following is true? i. In the double-entry system, each accounting transaction is recorded twice i. Each journal entry will at least affect two accounts a. i only c. Both i and
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