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
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
