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[Show more]Accounting 101 Final Exam Questions With 
100% Correct Answers Guaranteed Pass. 
What are assets recorded at? - AnswerThe historical/original cost because it is objective and 
verifiable. 
Left side - AnswerDebit 
Right side - AnswerCredit 
The 3 forms of business entities - AnswerProprietorship, Pa...
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Add to cartAccounting 101 Final Exam Questions With 
100% Correct Answers Guaranteed Pass. 
What are assets recorded at? - AnswerThe historical/original cost because it is objective and 
verifiable. 
Left side - AnswerDebit 
Right side - AnswerCredit 
The 3 forms of business entities - AnswerProprietorship, Pa...
Accounting 101 Exam 1 Questions With 
100% Correct Answers Guaranteed Pass. 
D. All of the above - AnswerEthics deals with the moral quality, fitness, or propriety of a 
course of action that may injure or benefit people. I can make an ethical decision while taking the 
exam by: 
a. Relying upon my ...
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100% Correct Answers Guaranteed Pass. 
D. All of the above - AnswerEthics deals with the moral quality, fitness, or propriety of a 
course of action that may injure or benefit people. I can make an ethical decision while taking the 
exam by: 
a. Relying upon my ...
Accounting 101 Final Exam Practice 
Questions With 100% Correct Answers 
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Which of the following does not occur during the closing process? - AnswerJournal entries are 
made to return the balance in all real accounts to zero. 
The purchase of office equipment on credit has what effe...
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Add to cartAccounting 101 Final Exam Practice 
Questions With 100% Correct Answers 
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Which of the following does not occur during the closing process? - AnswerJournal entries are 
made to return the balance in all real accounts to zero. 
The purchase of office equipment on credit has what effe...
Accounting 101- Chapters 1-3 Review Exam 
Questions With 100% Correct Answers 
Guaranteed Pass. 
Name the 3 forms of business organization. - Answersole proprietorship, partnership, and 
corporation 
In what type of business organization are the owners personally liable for the debts of the 
busines...
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Add to cartAccounting 101- Chapters 1-3 Review Exam 
Questions With 100% Correct Answers 
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Name the 3 forms of business organization. - Answersole proprietorship, partnership, and 
corporation 
In what type of business organization are the owners personally liable for the debts of the 
busines...
vy Tech Accounting 101 Final Exam Study 
Guide Exam Questions With 100% Correct 
Answers Guaranteed Pass. 
What is the primary responsibility of FASB? - AnswerDeveloping GAAP 
What is the accounting equation? - AnswerAssets=Liability+Equity 
What is the definition of revenue? - AnswerMoney earned fr...
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Add to cartvy Tech Accounting 101 Final Exam Study 
Guide Exam Questions With 100% Correct 
Answers Guaranteed Pass. 
What is the primary responsibility of FASB? - AnswerDeveloping GAAP 
What is the accounting equation? - AnswerAssets=Liability+Equity 
What is the definition of revenue? - AnswerMoney earned fr...
ACCOUNTING 101 CHAPTERS 1-4 Exam 
Questions With 100% Correct Answers 
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Financial accounting - AnswerProvides information for external decision makers 
Managerial accounting - AnswerAccounting that focuses on providing information for internal 
decision makers 
Certified public acco...
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Add to cartACCOUNTING 101 CHAPTERS 1-4 Exam 
Questions With 100% Correct Answers 
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Financial accounting - AnswerProvides information for external decision makers 
Managerial accounting - AnswerAccounting that focuses on providing information for internal 
decision makers 
Certified public acco...
ACC101 Full Exam Questions With 100% 
Correct Answers Guaranteed Pass. 
An adjusting entries for unearned revenue affects - AnswerRevenue and Liabilities 
How will it affect total Assets in the balance sheet if tangible fixed assets are not depreciated at 
the end of the period? - AnswerTotal Assets...
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Add to cartACC101 Full Exam Questions With 100% 
Correct Answers Guaranteed Pass. 
An adjusting entries for unearned revenue affects - AnswerRevenue and Liabilities 
How will it affect total Assets in the balance sheet if tangible fixed assets are not depreciated at 
the end of the period? - AnswerTotal Assets...
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