Exam (elaborations)
ACCOUNTING-BOOKKEEPING EXAM QUESTIONS AND ANSWERS
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Pages
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A+
Uploaded on
25-04-2024
Written in
2023/2024
ACCOUNTING-BOOKKEEPING EXAM QUESTIONS AND ANSWERS furniture - ANSWER-expenditures on items needed in a business office such as tables, desks, chairs, and cabinets Types of liabilities - ANSWER-Accounts payable Notes payable Mortgage payable accounts payable - ANSWER-creditor's claim against the business when business purchased goods or service from the creditor notes payable - ANSWER-business' formal written agreement to pay a specific amount over a period of time mortgage payable - ANSWER-notes payable using land, buildings, and equipment as a lien Type of revenue - ANSWER-sale of services sale of products interest income rental income sale of services - ANSWER-amount earned from services rendered
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Institution
BOOKKEEPING
Course
BOOKKEEPING
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Written for
- Institution
- BOOKKEEPING
- Course
- BOOKKEEPING
Document information
- Uploaded on
- April 25, 2024
- Number of pages
- 9
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- going concern concept
-
accounting bookkeeping exam questions and answers
-
liabilities answer the amount business owes cred
-
owners equity or capital answer the amount bus
-
revenueincome answer amo
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