Multiple Choice
If the owner of a company invested cash in a business enterprise,the transaction would include
A) debiting Cash and crediting Capital.
B) debiting Capital and crediting Cash.
C) debiting Cash and crediting Revenue.
D) debiting Revenue and crediting Cash.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Source documents begin the process of entering
Q3: A chronological record of financial transactions expressed
Q4: A(n)_ occurs when debit or credit amounts
Q5: Every entry in the journal should include
Q6: To make the posting process easier,posting reference
Q8: Posting from the journal to the ledger
Q9: After posting journal information to the ledger
Q10: A trial balance can only be accurately
Q11: The purpose of a journal is to
Q12: For EVERY transaction,the accountant enters the<br>A) year,month,and