Question
The individual amounts in the accounts payable credit column of the purchases journal are posted A. individually to the purchases account in the general ledger
The individual amounts in the accounts payable credit column of the purchases journal are posted A. individually to the purchases account in the general ledger OB. individually to the accounts payable account in the general ledger OC. individually to the accounts payable subsidiary ledger OD. in total to the accounts payable subsidiary ledger Keeping accurate records of accounts receivable is an example of which feature of a good accounting information system? OA. control B. compatibility C. flexibility D. favourable cost/benefit relationship Hardware is the electronic equipment that includes OA. disk drives, software, and servers B. servers, databases, and software OC. computers, monitors, printers and the network OD. servers and software only Ruby Company purchased inventory from Diamond Company, and received a credit memo from Diamond Company Diamond Company had charged Ruby Company $3.85 rather than $3.55 for each of the 100 items ordered. What entry will Ruby Company make assuming they are using a periodic inventory system? OA Accounts Payable-Diamond Compnay 27 Inventory 27 OB. Accounts Payable-Diamond Company Purchase Returns and Allowances 27 27 27 09 Sales Returns and Allowances 27 27 2 Inventory OP. 27 inventory Accounts Payable-Diamond Company 27 27 22 Click to select your answer. Activate Windows
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