Which account is least likely to be debited when revenue is recorded? a. Accounts Payable c. Cash

Question:

Which account is least likely to be debited when revenue is recorded?

a. Accounts Payable

c. Cash

b. Accounts Receivable

d. Unearned Revenue

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780073208145

5th Edition

Authors: Robert Libby, Patricia Libby, Daniel Short

See More Books

Question Posted: Jun 24, 2024 02:00 AM

See More Questions

There are two problems due this week (each worth 35 points) as follows. Problem 1.6 (page 20) In comprehensive paragraphs, answerrequirements a to e. You will have 5 paragraphs total of four to five...
plz answer below question. need highligh ANSWER in RED HAVE TO have at least 93% correct. otherwise answer will be deny. Question 1 of 50 COSO is sponsored by all of the following organizations,...
Which account is least likely to be debited when revenue is recorded? a. Accounts Payable b. Accounts Receivable c. Cash d. Deferred Revenue
Sherene Nili manages a company that produces wedding gowns. She produces both a custom product that is made to order and a standard product that is sold in bridal salons. Her accountant prepared the...
What is stagflation and why does cost-push inflation cause stagflation?
2. Read CE16, Database Marketing. Using an example, explain how Safeway could use RFM analysis. There is little evidence, though, that Safeway is using RFM analysis. Explain why this might be so....
Business purchase decision. A study in the Journal of Business and Industrial Marketing (Vol. 35, 2020) developed and tested a theoretical framework to examine the congruency on the roles of values...
In recent years, Jayme Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation...
the firm charges its customers. The following basic data pertain to fiscal year 2015. Standard rate and variable costs Service rate per hour $ 83.00 Labor cost 32.00 Overhead cost 6.80 Selling,...
Which is the most likely goal of a business with regard to its operating cycle? a. To sustain its cunent operating cycle b. To expand its current operating cycle c. To shorten its current operating...
When expenses exceed revenues in a given period. a. retained earnings is not impacted. b. retained earnings is increased. c. retained earnings is decreased. d. one cannot determine the impact on...
Use the following excerpts from Bolognese Companys statement of cash flows and other financial records to determine the companys free cash flow for 2018 and 2017. Cash flows from operating activities...
Factor completely. x10 2x5 +1
Which of the three essential financial statements is most important for your business for the feasibility plan? Explain your answer.
Module 05 Content Background Having a comprehensive understanding of curriculum models and approaches to early childhood education can give you an appreciation of the many options available to...
- 7 ( 3 x - 2 ) 2 find the derivative
The Reciprocal Method Solve the Simultaneous Equations: S1=170,000+(0.2*S2) S2=68,000+(0.2*S1) S1=170,000+[0.2*(68,000+0.2*S1)]
The chairman of the Federal Reserve Board announces that over the next year, the rate of money growth will be reduced from its current rate of 10% to a rate of 2%. If the chairman is believed by the...
What are the 5 Cs of marketing channel structure?
Apple inc cash flow
Assume todays settlement price on a CME EUR futures contract is $1.3142 per euro. You have a short position in one contract. EUR125,000 is the contract size of one EUR contract. Your performance bond...
Determining ending consolidated balances in the second year following the acquisition-Equity method Assume that your company acquired a subsidiary on January 1, 2012. The purchase price was $650,000...

Which account is least likely to be debited when revenue is recorded? a. Accounts Payable c. Cash

Question:

Step by Step Answer:

Financial Accounting

Students also viewed these Business questions