Which of the adhering to accounts is a stockholders" equity account? Cash, Accounts Payable, Prepassist Insurance, or Common Stock.
You are watching: Which of the following statements is not true about liabilities?
The increases in stockholders" equity attributable to offering services or commodities to customers is dubbed..
A chart of accounts is...the same as a balance sheetusually a listing of accounts in alphabetical ordercommonly a listing of accounts in financial statement orderoffered in place of a ledger
Which of the adhering to is true around a T-account?The left side of a T account is called the debit side,The left side of a T account is referred to as the credit side,The ideal side of a T account is referred to as the debit side,Transactions are first tape-recorded in T accounts and then posted in the journal
adding all the debits, including all the credits, and then subtracting the smaller amount from the bigger sum
Which team of accounts is composed of just assets?Cash, Accounts Payable, BuildingsAccounts Receivable, Revenue CashPrephelp Expenses, Buildings, PatentsUnearned Revenues, Prepaid Expenses, Cash
Of the complying with, which is true around assets?Assets include both physical and intangible itemsAssets encompass just physical itemsAssets are the personal home of the stockholders of the companyAssets are the result of selling assets or services to customers
Which of the complying with is not taken into consideration to be a liability?Wperiods Payable, Accounts Receivable, Unearned Revenues, Accounts Payable
Which of the adhering to statements is not true around liabilities?Liabilities are debts owed to outsidersAccount titles of liabilities frequently incorporate the term "payable"cash received before a organization is percreated creates a liabilityLiabilities include built up depreciation
Expenses have the right to result from...marketing stockconsuming servicesmaking use of up liabilitiespaying creditors on account
Which of the following entries records the purchase of widespread stock by stockholders?debit Typical Stock; Credit Accounts ReceivableDelittle Cash; Credit Common StockDelittle bit dividends; Credit CashDebit Fees Earned; Crmodify Typical Stock
Which of the complying with teams of accounts have a normal debit balance?profits, liabilities, and stockholders" equitystockholders" equity and also assetsliabilities and also stockholders" equityassets and expenses
A crmodify may signify a...decrease in assetsdecrease in liabilitiesdecrease in common stockdecrease in revenue
Which of the adhering to applications of the rules of delittle bit and credit is true?decrease prepassist insurance via a crmodify and also the normal balance is a creditboost accounts payable with a crmodify and also the normal balance is a debitboost equipment with a delittle bit and the normal balance is a debitdecrease cash via a delittle and also the normal balance is a credit
Office supplies purchased by Janer"s Cleaning Services on account were returned. The office offers had not yet been passist for. What entries for Janer"s Cleaning Service documents this transaction?
Cash was paid by Janer"s Cleaning Service to creditors on account. What entry for Janer"s Cleaning Service records this transaction?
What entry records the receipt of cash for 2 months" rent? The cash was received in advancement of giving the business.
A client has actually a massage and asks the firm bookkeeper to mail her the bill. What entry need to the bookkeeper make to record the invoice?
Which of the following is not a correct ascendancy of debits and credits?Assets, expenses, and dividends are boosted by debitsAssets are diminished by credits and also have a normal debit balanceLiabilities, revenues, and also stockholders" equity are boosted by creditorsThe normal balance for earnings and costs is a credit
See more: How To Break Your Leg Easily At Home, How To Break Your Leg!