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ACC 100 Final Exam With Questions And 100% DETAILED CORRECT ANSWERS
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ACC 100 Final Exam With Questions And 100% DETAILED CORRECT ANSWERS
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JACKLINEACC 100 Final Exam With Questions And 100% DETAILED CORRECT ANSWERS
Terms in this set (54)
- accounts payable
- short term debt
- current maturities of long term debt
current liabilities include:
- unearned revenue or deferred credits
- payroll taxes and other withholdings
- other accrued liabilities
- long-term debt
Non-current liabilities include:
- deferred tax liabilities
involves charging interest on the money available to the borrower for the length of time is was
Straight interest
borrowed
Straight Interest Calculation Interest = Principal x Rate x Time (in years)
1/7
, interest on a discount loan is based on the principal amount of the laod, but the interest is
Interest Paid on Discount Basis subtracted from the principal at the beginning of the land, and only the difference is made
available to the borrower
Unearned revenue created when customers pay for services or products before delivery
Net pay calculation ACC 100 Final Exam Net Pay = Gross pay - Deductions
2/7
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