Multiple Choice
On 27 January,Rose Pty Ltd provides a service to Lily Pty Ltd with payment due within 30 days.On Rose's balance sheet the amount owed by Lily will be recorded as:
A) a prepayment.
B) an account receivable.
C) an account payable.
D) services income.
Correct Answer:
Verified
Correct Answer:
Verified
Q52: If a transaction causes an asset account
Q53: Which of the following statements concerning journals
Q54: The following accounts: equipment,accounts payable,sales revenue and
Q55: A business purchased inventory for $15 000,paying
Q56: Which of these is a business transaction?<br>A)
Q58: Invoices,purchase orders,and credit card slips are examples
Q59: _ is added to opening equity to
Q60: The _ _ accounting method requires each
Q61: An error that occurs when only one
Q62: If a transaction worth $50 is not