Vostro account is a due to account. ( )
Vostro account is a due to account. ( )
A simple account form widely used in accounting as a tool to understand how debits and credits affect an account balance is called a: A: Withdrawals account. B: Capital account. C: Drawing account. D: T-account. E: Balance column sheet.
A simple account form widely used in accounting as a tool to understand how debits and credits affect an account balance is called a: A: Withdrawals account. B: Capital account. C: Drawing account. D: T-account. E: Balance column sheet.
If you mistakenly registered under a buyer account, You are able to change the account from buyer to seller account.
If you mistakenly registered under a buyer account, You are able to change the account from buyer to seller account.
The interest rate of current account is usually higher than saving account.
The interest rate of current account is usually higher than saving account.
Which ONE of the following is an error of principle? A: A gas bill credited to gas account and debited to the bank account. B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account. C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account. D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.
Which ONE of the following is an error of principle? A: A gas bill credited to gas account and debited to the bank account. B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account. C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account. D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.
The owner's withdrawal account normally has a credit balance since it is an equity account.
The owner's withdrawal account normally has a credit balance since it is an equity account.
An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(): ____ A: Accrued expense. B: Contra account. C: Accrued revenue. D: Intangible asset.
An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(): ____ A: Accrued expense. B: Contra account. C: Accrued revenue. D: Intangible asset.
A company purchase supplies £7,100 on credit. The two accounts affected by this transaction are the supplies account and the __________ account. A:
A company purchase supplies £7,100 on credit. The two accounts affected by this transaction are the supplies account and the __________ account. A:
How long will it take you to get the bank card if you have opened an account in a bank A: Two weeks after you opened the account. B: At least one week after you opened the account. C: Less than a week after you opened the account. D: Immediately after you opened the account.
How long will it take you to get the bank card if you have opened an account in a bank A: Two weeks after you opened the account. B: At least one week after you opened the account. C: Less than a week after you opened the account. D: Immediately after you opened the account.
When an expense account is increased: A: an amount is entered on the credit side of the expense account. B: stockholders' equity is not affected. C: an amount is entered on the debit side of the expense account. D: cash must always be credited.
When an expense account is increased: A: an amount is entered on the credit side of the expense account. B: stockholders' equity is not affected. C: an amount is entered on the debit side of the expense account. D: cash must always be credited.