BPI BUILDING SCIENCE PRINCIPLES QUESTIONS AND ANSWERS 2025

AAMI ACCOUNTING ONE 2024
FINAL REVIEW
ANSWER ALL QUESTIONS IN THIS SECTION



QUESTION 1



What account would you credit if you did a funeral and received cash? -
ANSWERS-Revenue



QUESTION 2



What account would you debit if you did a funeral for cash? - ANSWERS-Cash



QUESTION 3



What account would you credit if you did a funeral and did not receive the funds
from the family but are owed on account? - ANSWERS-Revenue



QUESTION 4



What account would you debit if you did a funeral and did not receive the funds
from the family but are owed on account? - ANSWERS-Cash



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, AAMI ACCOUNTING ONE 2024
FINAL REVIEW
QUESTION 5



What account would you debit if you invested cash in your business? -
ANSWERS-Cash



QUESTION 6



What account would you credit if you invested cash in your business? -
ANSWERS-Capital



QUESTION 7



Accounting is based on the theory of: - ANSWERS-basis and fundamental ideas,
or assumptions, underlying the practice of financial accounting



QUESTION 8



A journal entry involving more than two accounts is referred to as - ANSWERS-A
COMPOUND JOURNAL ENTRY




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