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ACCOUNTING 200 EXAM 10 PRACTICE QUESTIONS WITH 100% CORRECT ANSWERS

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Institution ACCOUNTING 200
Course ACCOUNTING 200
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ACCOUNTING 200 EXAM 10 PRACTICE QUESTIONS WITH 100% CORRECT ANSWERS

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ACCOUNTING 200 EXAM 10 PRACTICE
QUESTIONS WITH 100% CORRECT
ANSWERS
paid

down cash

borrowed from bank

up note payable

cash payment

disbursement; cash out

began operations on..

all beginning balance equal zero

was organized on....

all beginning balance equal zero

expired

up expense

all assets are unused expenses

cash receipts

cash in

land & equipment

invest

issued

sold to investors

, cash sales

sales made with cash

equity

investments in business from owners & stock holders to finance take purchase of assets

plus

and / or

liabilities

amount owed by business to creditors & lenders to find are purchase of assets

assets

resource owned by business that will use in future to help generate sure revenue

equals

comes from

receivable

legal right to receive money

payable

have not paid yet

on hand

ending balance in asset account

for the month used

cash flow

incurred

more expenses

issue around note payable

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