ACC 303 WEEK 4 QUIZ 3
To view more, click on following link:
http://unquite.com/question-details/ACC-303-WEEK-4-QUIZ-3/155
or email us at:
[email protected]
ACC 303 WEEK 4 QUIZ 3
ACC 303 Week 4 Quiz 3
All Questions Included.
TRUE/FALSE
1. A ledger is where the company initially records transactions and selected other events.
2. Nominal (temporary) accounts are revenue, expense, and dividend accounts and are periodically closed.
3. Real (permanent) accounts are revenue, expense, and dividend accounts and are periodically closed.
4. An example of an internal event would be a flood that destroyed a portion of a company’s inventory.
5. All liability and stockholders’ equity accounts are increased on the credit side and decreased on the debit side.
Details
- Publication Date
- Dec 29, 2016
- Language
- English
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): unquite ltd
Specifications
- Pages
- 2
- Binding
- Saddle Stitch
- Interior Color
- Black & White
- Dimensions
- US Letter (8.5 x 11 in / 216 x 279 mm)