Which et the toltowing in the lome Haulls" wet?$02$CathAccounts ReceivableShort term cash investmentDj$*$ Both A and DWhich of the following is not a control over petty cash?Keep a specific amount of cash on hand$\mathrm{.}8)$C$)$Keep the petty cash box in a common area.Support all fund payments with a petty cash ticket or receipt.Designate an employee to administer the fund as its custodian$\mathrm{.}4.$ The selling price of a f$-$shirt with a target gross percentage of $15\%$ and a cost of $$10$ is:$$13\mathrm{.}33681733$B$)$ $$11\mathrm{.}76$D$)$ $$15,005$: XYZ Co$,$ purchased $$100$ of products on credit. Assuming $5\%$ GST what amount will be recorded to Accounts Payable $("$AP$")?$A$)$ $$105$ debited to APC$)$ $$100$ credited to APE$)$ $$95$ credited to APB$)$ S$105$ credited to APD$)$ $$100$ credited to AP$6.$ Which accounting principle requires expenses to be recorded in the same period as the associated revenues are recognized?A$)$ Consistency PrincipleB$)$ Faithful RepresentationE$)$ Matching PrincipleB$)$ Materiality PrincipleD$)$ Specific Identification$7.$ Which of the following is not a financial statement?A$)$ Income StatementC$)$ Balance SheetE$)$ Bank ReconciliationF$)$ B & EG$)$ All of the above are financial statementsB$)$ Trial BalanceD$)$ Statement of Cash Flows$8.$ Company XYZ has a loss for the year. What would the entry be to close out the Income Summary account during the closing entries?A$)$ Debit Capital and credit Income SummaryB$)$ Debit Income Summary and credit CapitalIf Company A sells merchandise with the terms FOB Shipping Point, Company A is required to include the merchandise in transit in its inventory count.A$)$ TrueB$)$ False

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