IAAP CAP Exam | Office Procedures and Technology With 100% Rated Accurate Answers

Which one of the following accounts would an accountant review in an examination of assets on the balance sheet? 1. Cash 2. Capital Stock 3. Retained earnings 4. Additional paid-in capital - ANSWER-1. Cash Cash is a current asset found in the assets portion of the balance sheet. It is not an owners equity item, as are the other examples included in this questions. Office - ANSWER-A place in which the affairs of an individual, a business, or an organization are carried out. Information - ANSWER-Consist of data or fax that have been organized into a meaningful form. Vendor - ANSWER-A seller of goods or services. World Wide Web - ANSWER-Resources on the Internet that support hyperlinks, text, graphics, and multimedia. Intranet - ANSWER-A private computer network that looks and operates similar to webpages. Telecommuting - ANSWER-The practice of working in communicating with others from my home office or other remote location. Internet - ANSWER-A public, world wide computer network that spans the globe. Virtual Office - ANSWER-A setting that allows you to perform work activities as you would in a traditional office. Hoteling - ANSWER-Using workspace that is assigned as needed.