which of the following accounts is an asset
which of the following accounts is an asset
Homework Answers
All real and personal accounts in accounting is an asset.
Example:- For real account- all tangible assets like cash, jewelry, fixed assets, machinery ect
For personal account - all accounts with debit balance with individual names is personal account like debtors, bills receivable etc.
Which of the following accounts is NOT an asset account?
Which of the following accounts is NOT an asset account?
assets ; liabilities QUESTION 21 Which of the following accounts is not listed in the asset...
assets ; liabilities QUESTION 21 Which of the following accounts is not listed in the asset section on the trial balance? Supplies. Accounts receivable. Accumulated depreciation. Income tax expense. QUESTION 22 Dividends increase with a
Which of the following is false regarding a chart of accounts?a. The total number of asset...
Which of the following is false regarding a chart of accounts?a. The total number of asset accounts must equal the total number of liability accountsb. A chart of accounts is a listing of all the accounts that a company uses to record accounting informationc. Each account listing contains an account name and a numerical referenced. Charts of accounts will vary across companies
Which of the following accounts are involved in the adjusting entry: asset liability revenue expense An...
Which of the following accounts are involved in the adjusting entry: asset liability revenue expense An ______ is debited and an ______ is credited.
15 Which of the following is considered an asset? A] Sales B] Accounts Receivable C Common...
15 Which of the following is considered an asset? A] Sales B] Accounts Receivable C Common Stock DI Accounts Payable [6 The first financial statement that is prepared is the: [A] Statement of Cash Flows. B Statement of Retained Earnings [C] Balance Sheet. D] Income Statement. 17] A type of asset in which a customer owes the company money would be a: [A] receivable. [B] payable. [C] sale. D] dividend 81 A T-account has a $698 credit balance. This account...
Which of the following accounts would not be considered a tangible asset? O Land O Copyright...
Which of the following accounts would not be considered a tangible asset? O Land O Copyright O Buildings O Equipment
4. Classify the following accounts either as an "asset, "liability" or "equity" A. Asset L. Liability...
4. Classify the following accounts either as an "asset, "liability" or "equity" A. Asset L. Liability E. Equity Owner's capital Unearned revenue Buildings Medical Equipment Cash Medical Supplies Accounts Payable Owner's withdrawals Prepaid Accounts Accounts receivable Accrued Liabilities Inventory · Revenues Short-term notes payable Expenses
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders'...
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (a) (c) (d) (b) Normal Balance Basic Type Debit Effect Credit Effect 1. Accounts Payable Accounts Receivable Liability 2. Asset 3. Cash Asset < 4. Common Shares Shareholders' Equity V 5. Deferred Revenue Liability...
TEN- Following is a list of balance sheet accounts. Part One contains asset accounts and Part...
TEN- Following is a list of balance sheet accounts. Part One contains asset accounts and Part Two contains liabilities and stockholdersequity accounts. (20 points) PART ONE: Following is a list of ten (10) balance sheet accounts. Use the numerals 1 through 10 to indicate the order in which these accounts should appear on a classified balance sheet. ( ) ( ) () ( ) ( ) ( ) ( ) () Accounts receivable Accumulated depreciation - building Allowance for doubtful...
Which of the following is an asset? OA. Common Stock OB Service Revenue OC. Salary Expense...
Which of the following is an asset? OA. Common Stock OB Service Revenue OC. Salary Expense OD. None of the listed accounts is an asset
assets ; liabilities QUESTION 21 Which of the following accounts is not listed in the asset section on the trial balance? Supplies. Accounts receivable. Accumulated depreciation. Income tax expense. QUESTION 22 Dividends increase with a
15 Which of the following is considered an asset? A] Sales B] Accounts Receivable C Common Stock DI Accounts Payable [6 The first financial statement that is prepared is the: [A] Statement of Cash Flows. B Statement of Retained Earnings [C] Balance Sheet. D] Income Statement. 17] A type of asset in which a customer owes the company money would be a: [A] receivable. [B] payable. [C] sale. D] dividend 81 A T-account has a $698 credit balance. This account...
Which of the following accounts would not be considered a tangible asset? O Land O Copyright O Buildings O Equipment
4. Classify the following accounts either as an "asset, "liability" or "equity" A. Asset L. Liability E. Equity Owner's capital Unearned revenue Buildings Medical Equipment Cash Medical Supplies Accounts Payable Owner's withdrawals Prepaid Accounts Accounts receivable Accrued Liabilities Inventory · Revenues Short-term notes payable Expenses
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (a) (c) (d) (b) Normal Balance Basic Type Debit Effect Credit Effect 1. Accounts Payable Accounts Receivable Liability 2. Asset 3. Cash Asset < 4. Common Shares Shareholders' Equity V 5. Deferred Revenue Liability...
TEN- Following is a list of balance sheet accounts. Part One contains asset accounts and Part Two contains liabilities and stockholdersequity accounts. (20 points) PART ONE: Following is a list of ten (10) balance sheet accounts. Use the numerals 1 through 10 to indicate the order in which these accounts should appear on a classified balance sheet. ( ) ( ) () ( ) ( ) ( ) ( ) () Accounts receivable Accumulated depreciation - building Allowance for doubtful...
Which of the following is an asset? OA. Common Stock OB Service Revenue OC. Salary Expense OD. None of the listed accounts is an asset
Most questions answered within 3 hours.
-
1,1-dimethylcyclorohexane reacts with single bromine atom
asked 5 minutes ago -
The completed Lewis structure of CO2 contains a total
of 0,1,2,3,4,5,6,7,8 covalent bonds
and 0,1,2,3,4,5,6,7,8 lone pairs.
NOTE:...
asked 11 minutes ago -
A 0.0510 M solution of an organic acid has an
[H+] of 7.50×10-4M .
What is...
asked 8 minutes ago -
what is the profit-maximizing output condition that a
monopolistically competitive firm must satisfy? a) price charged...
asked 12 minutes ago -
Consider the set of ordered pairs shown below. Assuming that the
regression equation is y=3.513+0.429x and...
asked 34 minutes ago -
1. (A) Write two
structural (constitutional)
isomers of C4H8F2?
Please show all of
the
asked 36 minutes ago -
Objective: Practice converting a Boolean logic
expression into it’s truth table and to show the implementation...
asked 33 minutes ago -
1) Name the three holes located in the greater wing of the
sphenoid bone in order...
asked 37 minutes ago -
For the following reaction set-up, which type of hydrocarbon
product would form? 1,4-hexadiene + two Cl2...
asked 39 minutes ago -
Consider the following method that is intended to determine if
the double values d1 and d2...
asked 52 minutes ago -
could someone please post clear drawings of the three structures
in the equilibrium mixture of D-glucose...
asked 58 minutes ago -
Using the Properties of Order show that 5n5 +
4n4 + 6n3 + 2n2+ n +...
asked 1 hour ago