Different types of general ledger accounts

Assignment Help Accounting Basics

Reference no: EM13146156

Which of the following statements is true regarding the different types of general ledger accounts?

a) One type of business expense is an owner withdrawal of equity.

b) When a company receives money as payment for goods sold, it increases its accounts receivable.

c) An employee using a company credit card creates an account payable.

d) Building rent for the month of December that will be paid on December 15th is an example of an accrued liability.

Reference no: EM13146156

Questions Cloud

Find probability client will increase value over next year : If five of the recommended stocks will increase in value over the next year, determine the probability that at least half of the stocks selected by the client will increase in value over the next year. Explain.

Weather forecasting and scales of motion in the atmosphere : What does RECC and SCWE stand for? Draw the isobars in a thermal circulation and label pressures and wind directions.

Find out what is the area : Use metric conversion factors to solve the following problem. A park has an area of 150000 m^2. What is the area in km^2?

What is the difference between bacterial, animal : What is the difference between bacterial, animal and plant cells in terms of their structure, function and evolutionary aspects?

Different types of general ledger accounts : Which of the following statements is true regarding the different types of general ledger accounts?

What are the structural components of biological membranes : What are the structural components of biological membranes and their functions? Find out the most probable pathways or mechanisms by which molecules such as CO2, H20, CO, NH3, cholesterol, Na+, amino acids, DNA and H+ will cross the membranes?

Compare and contrast the theories of piaget and vygotsky : Give an example of what their theories might look like in a classroom today.

What results say about testing group data-given probability : The probability the champion is UCLA is 20%. What do these results say about testing with group data? Include in your answer the URLs of the sites where you found the necessary data.

Cash acquisition price and the carrying amount of the debt : When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amount of the debt should be ??

User Account

All Pages