The bank is interested in using the financial accounting...*

True

False

Which of the following accounts is NOT an expense?*

Wages

Rent

Interest

Accounts Payable

If you start a business with a friend, then your business will be...*

A Sole Proprietorship

A Partnership

a business paid cash to buy supplies, the correct transaction should have been:*

Debit Cash, Debit Supplies

Debit Supplies, Debit Cash

Credit Supplies, Credit Cash

Debit Supplies, Credit Cash

If you start a business by yourself, then your business will be...*

A Partnership

A Sole Proprietorship

, the owner of the business used his personal money to buy a car for his own use, the correct transaction should be:*

Debit Withdrawals, Credit Cash

Debit Cash, Credit Withdrawals

Credit Cash, Credit Withdrawals

None of the above

a business paid 3,000 cash to a employee, the correct transaction should be:*

Debit Wages Expense, Credit Cash

Debit Wages Expense, Debit Cash

Credit Wages Expense, Credit Cash

The manager of the company is interested in using the managerial accounting...*

True

False

, the first installment of a loan was paid, the correct transaction should be:*

Credit Cash, Debit Loan

Debit Loans, Debit Interest Expense, Credit Cash

Credit Loans, Credit Interest Expense, Debit Cash

None of the above

What kind of business is Ford Motors?*

Services

Merchandising

Manufacturing

Non-profit

, a business performed services for 4,000 cash, the correct transaction should be:*

Debit Cash, Credit Revenues

Credit Revenues, Debit Cash

Debit Cash, Debit Revenues

What kind of business is Air Canada?*

Services

Merchandising

Manufacturing

Non-profit

Which of the following accounts is NOT a liability?*

Loans

Accounts Payable

Accounts Receivable

If the assets of a company are 20,000 and the owner's equity are 10,000, how much are the liabilities?*

20,000

30,000

10,000

None of the above

What kind of business is Walmart?*

Services

Merchandising

Manufacturing

Non-profit