Question

Can you plese help me with my review sorry for posong so many attachments but this is my last answer. Thank you

Factors that shape an accounting information system include the a nature of the business. b. size of the firm. c. volume of data to be handled. d. All of these answer choices are correct. LO Bloom KDificuity Easy Min: 2, AACSB: None, AICPA BB None, AICPA FC Raporting AICPA PC None M Management, IFRS: None W The process of transferring figures from the book of original entry to the ledger accounts is called a. adjusting b. balancing c. ledgering d. posting LO 1. Bloom: K. Difficulty Easy, Min: 2 AACSB: None, AICPA BB: None, AICPA FC Reporting, AICPA PC None, IMA: Reporting IFRS None Debit always means a the right side of an account. b. an increase C a decrease. d. None of these answer choices are correct. LO: 1, Bloom: C. Difficulty: Moderate, Min: 2 AACSB: None, AICPA BB: None, AICPA FC Reporting, AICPA PC: None, IMA: Reporting, IFRS: None An accounting record into which the essential facts and figures in connection with all transactions are first recorded is called the a. ledger. b. account. c. trial balance d. None of these answer choices are correct. LO 1, Bloom: K. Difficulty: Moderate, Min: 2. AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: None, IMA: Reporting, IFRS None A trial balance a proves that debits and credits are equal in the ledger b. supplies a listing of open accounts and their balances that are used in preparing financial statements. c. is normally prepared three times in the accounting cycle. d. All of these answer choices are correct. LO: 1, 2, Bloom: K. Diculty. Easy, Min: 2, AACSB: None, AICPA BB: None, AICPA FC Reporting, AICPA PC. None, IMA: Reporting, IFRS: Which of the following is a real (permanent) account? a. Goodwill b. Service Revenue c. Accounts Receivable d. Both Goodwill and Accounts Receivable

Answer 1

O Answer: 1) (0) All of these answar choices are correct (d) Posting (d) None of these answar choices are correct id None of the above choices are conect | Note! its Journal Book wherre transactions Firstly Recorded. are (a) Proves that debits and Credits are equal in the ledges (d, Looth Croodwill and Accounts Receivables 7 (6) Salaries and wages Expenses (altemporary Accounts 9. The dual effect of each transaction is Reconded with a retet debit a credit 10.) (C) they will debit Note Payable and Interest Expenses

(6 dividends. (Note: - only by Cosh dividends. 7 12. e) before an entry is Recorded in a Journal 13.) as throughout each step in the accounting Cycle 14. (da Merely Semantic, because both Concepts refers to the Some thing @cdl a post-closing trial balance 16') (d) All of these a t Must be met id Payment of Montly Payroll 180) ide All of these are internal transaction's 1 (d) Using building and Machinary in operation's 20 ) d) All of these too answer are correct 21. an chronologically lists transactions and other in terms of debit and Credits. events, exporessed

22) (6) debit to Account Receivable 239 (c.) debit to Account Payable 240 (di) Credit to Unearted Revenue 25. debit balance in the (d) listing the balance of an account with a Credit Column of the trial balances Deloit Balance ! 6.) Sales Discount (e) Wo Jes Expenses (2) Inventory