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From dummy accounts: Select one: a. Fund account b. Calculate the goods c. Salaries d. Land accounts The account balance means: Select one: a. The
From dummy accounts:
Select one:
a. Fund account
b. Calculate the goods
c. Salaries
d. Land accounts
The account balance means:
Select one:
a. The sum of the credit side of the account
b. The sum of the debit side of the account
c. all the above
d.
The difference between the sum of the debit side and the sum of the credit side of the account
Purchase of goods on account means:
Select one:
a. Accounts receivable are debit and goods are creditor
b.
The goods are debit and the bank is a creditor
c. The bank is debit and the goods are creditor
d. Goods are debit and accounts payable are creditor
General ledger:
Select one:
a. Mandatory
b. legal
c. my choice
d. Required
The fictitious account rule for determining the perpetual debtor is:
Select one:
a. The take is a debtor and the receiver is a creditor
b. Expenses are debit and revenue is credited
c. All of the above is true
d. If a debtor increased, and if a creditor decreased
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