Multiple Choice
Double-entry accounting records exchanges in a transaction with debits and credits. Which of the following is recorded when a company purchases a desk and pays cash?
A) The desk is recorded with a credit and the cash is recorded with a credit
B) The desk is recorded with a debit and the cash is recorded with a debit
C) The desk is recorded with a credit and the cash is recorded with a debit
D) The desk is recorded with a debit and the cash is recorded with a credit
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Vendor transactions include which of the following?<br>A)Enter
Q8: When a bill is paid using the
Q9: Which of the following is a Vendor
Q10: Which of the following transactions is considered
Q11: All of the following are one of
Q13: A business transaction is an exchange between
Q14: QuickBooks lists include:<br>A)Customer List<br>B)Vendor List<br>C)Item List<br>D)All of
Q15: List 4 main types of QuickBooks transactions.
Q16: Discuss the two main ways of entering
Q17: Which of the following transactions is considered