Multiple Choice
BD One Company entered into the following transactions.Choose the one which represents an accounting error.
A) A shareholder of BD One Company purchases a new car,but this was not recorded by the company.
B) Revenue was recognized when a customer received services from BD One Company.
C) Cash received from a customer in payment of his account was debited to Cash and credited to Accounts Receivable.
D) BD One Company ordered inventory and the order was recorded by a debit to Inventory and a credit to Accounts Payable.
Correct Answer:

Verified
Correct Answer:
Verified
Q69: The following is a series of accounts
Q70: Which of the following is not true
Q71: What is the amount to be reported
Q72: Which of the following is true?<br>A)Credits increase
Q73: If revenues are not growing faster than
Q75: Expenses are the same as expenditures.
Q76: Which of the following would not be
Q77: What is Melody's Net Income for May
Q78: If debits equal credits on the trial
Q79: What is the amount of Current Assets