Accounting Hw
Friday, 14 October 2016
Factors that shape an accounting information system include the
Factors that shape an accounting information system include the
all of these answer choices are correct.
nature of the business.
volume of data to be handled.
size of the firm.
Debit
always
means
none of these answer choices are correct.
the right side of an account.
an increase.
a decrease.
A trial balance
supplies a listing of open accounts and their balances that are used in preparing financial statements.
all of these answer choices are correct.
is normally prepared three times in the accounting cycle.
proves that debits and credits are equal in the ledger.
Which of the following is a real (permanent) account?
Accounts Receivable
Service Revenue
Goodwill
Both Goodwill and Accounts Receivable.
Nominal accounts are also called
real accounts.
temporary accounts.
permanent accounts.
none of these answer choices are correct.
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