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31 Jan 2019
1. Which of the following is a recordable event or item?
Answer
a.
Changes in managerial policy
b.
The value of human resources
c.
Changes in personnel
d.
None of these
2. A trial balance may prove that debits and credits are equal,but
Answer
a.
amount could be entered in the wrong account.
b.
a transaction could have been entered twice.
c.
a transaction could have been omitted.
d.
all of these.
3.Mune Company recorded journal entries for the declaration of$100,000 of dividends, the $64,000 increase in accounts receivablefor services rendered, and the purchase of equipment for $42,000.What net effect do these entries have on owners
1. Which of the following is a recordable event or item?
Answer
a.
Changes in managerial policy
b.
The value of human resources
c.
Changes in personnel
d.
None of these
2. A trial balance may prove that debits and credits are equal,but
Answer
a.
amount could be entered in the wrong account.
b.
a transaction could have been entered twice.
c.
a transaction could have been omitted.
d.
all of these.
3.Mune Company recorded journal entries for the declaration of$100,000 of dividends, the $64,000 increase in accounts receivablefor services rendered, and the purchase of equipment for $42,000.What net effect do these entries have on owners
1 Feb 2019