Multiple Choice
What is a proper entry to show the owner making an investment in the company?
A) A credit to Cash and a debit to Capital
B) A debit to Cash and a credit to Capital
C) A debit to Cash and a credit to Revenue
D) A credit to Cash and a debit to Revenue
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Which of the following accounts would be
Q7: Explain the difference between expenses and withdrawals.
Q8: The right side of an account is
Q9: A chart of accounts is below. Following
Q10: Which of the following groups of accounts
Q12: The income statement contains:<br>A) Liabilities.<br>B) Revenues.<br>C) Expenses.<br>D)
Q13: For each of the following, identify in
Q14: Given the following list of accounts with
Q15: Which of the following errors would cause
Q16: A credit to a liability account was