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GCU ACC-250 PRACTICE FINAL EXAM 2024 QUESTIONS WITH ACTUAL ANSWERS VERIFIED 100% CORRECT!!
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GCU ACC-250 PRACTICE FINAL EXAM 2024 QUESTIONS WITH ACTUAL ANSWERS VERIFIED 100% CORRECT!!
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GCU ACC-250PRACTICE FINAL EXAM
2024 QUESTIONS WITH
ACTUAL ANSWERS
VERIFIED 100%
CORRECT!!
Evatee 10/3/24 GCU ACC-250
, GCU ACC-250 PRACTICE FINAL EXAM 2024
QUESTIONS WITH ACTUAL ANSWERS
VERIFIED 100% CORRECT!!
Accounting is referred to as the language of business because it is the method
of communicating business information to decision makers. T/F? Answer - True
Liabilities represent creditors' claims on the business's assets. T/F? Answer -
True
Which of the following is a liability account?
A. Accounts Receivable
B. Building
C. Notes Payable
D. Cash Answer - Notes Payable
Which of the following statements is true of the Owner's Capital account?
A. It is an equity account that has a normal debit balance.
B. It is an equity account that has a normal credit balance.
C. It is a liability account that has a normal credit balance.
D. It is a liability account that has a normal debit balance. Answer - It is an
equity account that has a normal credit balance.
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