The ledger is a book of - Study guides, Class notes & Summaries

Book keeping Practice Test with Correct Answers The financial statements are - Answer-collection of docs required by law for shareholders - submitted either on annual or quarterly basis depending on size There are different GAAP rules for each - Answer-country There are no bad credit write offs - Answer-even if firm is insolvent the 7liquidators request payment of debt Three main inventory valuations - Answer-FIFO LIFO Average cost Trial balance - Answer-totals of each of the T...

Transaction Cycles_Compiled Exam Question With Verified Answers Which of the following is the focus of an audit of cash for most companies? a. General cash account. b. Payroll cash account. c. Petty cash account. d. Money market account. - answera. General cash account. The test of details of balances procedure that requires the auditor to foot the outstanding check list and deposits in transit is an attempt to satisfy which audit objective? a. Cutoff. b. Presentation and disclosure. ...

Which of the items listed below could appear in a company’s statement of cash flows? (i) Dividends received. (ii) Bonus issue. (iii) Irrecoverable debts written off. (iv) Profit on sale of a fixed asset. (v) Repayment of loan A (i), (ii) and (iv) B (i), (ii) and (iii) C (i) and (iv) D (i) and (v) (2 marks) QUESTION 2 The following bank reconciliation has been prepared by the company’s bookkeeper as at 31 July 2008: $ Overdraft per bank statement 12,700 Add: Unpre...

Alabama Home Builders License: Carpentry - Questions with 100% Correct Answers What is the most common spacing for floor joists? 16 inches In platform construction, the wall studs extend from the: Soleplate to the top plate What is the name of the full length stud that a jack stud is fasten to King stud To stiffen floor construction, a builder should: Use proper bridging Where practical and I-beam can be replaced in residential construction by: A load bearing wall Recommended installation of s...

"The present worth of future benefits arising from the ownership of real property," is the definition of - Value "Without both parties' written consent, The broker is prohibited from representing both the seller and the buyer in the same transaction," defines: - Dual Agency A and B signed a contract that was based on illegal consideration, this contract is - Void A asked you to appraise their property. The property had no monthly income and had no comparable in the market. You would m...

NCCT Insurance & Coding Practice Test Questions with Correct Answers Latest (100% Solved) A patient had surgery two weeks ago to repair a dislocated ankle, and returns today to have a flexor tendon in the hand repaired. Which of the following modifiers should be reported for today's service? - Answer- -79 A patient has called to schedule an appointment for an office visit to see the doctor tomorrow for an earache. It is discovered during the scheduling process that the insurance policy on...

pathogens that thrive in the absence of oxygen are called? - Answer-Anaerobes A communicable disease that does not have to be reported to the county health department is? - Answer-Streptococcus The term esophagogastritis means inflammation of the? - Answer-esophagus and stomach The structure in the body that lays over the larynx like a lid and prevents food from entering the trachea is the ? - Answer-Epiglottis Proper interaction with pediatric patients includes the following EXCEPT? - Ans...

Test Bank for Financial Accounting 12e 12th Edition by Jerry J. Weygandt, Paul D. Kimmel; Jill E. Mitchell. Full Chapters test bank are included (Chapter 1 to 13 + Appendix F,G,H,I,K) 1 Accounting in Action 1-1 Knowing the Numbers: Columbia Sportswear 1-1 1.1 Accounting Activities and Users 1-3 Three Activities 1-3 Data Analytics 1-4 Who Uses Accounting Data 1-5 1.2 The Building Blocks of Accounting 1-7 Ethics in Financial Reporting 1-8 Generally Accepted Accounting Pr...

Accounting Cycle Correct Answer: The process followed by entities to analyze and record transactions, adjust the records at the end of the period, prepare the records for the next cycle Accrued Expenses Correct Answer: Previously unrecorded expenses that need to be adjusted at the end of the accounting period to reflect the amount incurred and the related payable account Accrued Revenues Correct Answer: Previously unrecorded revenues that need to be adjusted at the end of the accounti...

If there is a fire, which of the following is in charge until the fire department arrives? 1) the senior maintenance staff member on duty 2) the head of nursing 3) the highest-ranking employee in the facility 4) the head of the Safety Committee 3 A chronic progressive degenerative disease: 1) Senile Dementia 2) Parkinson's Disease 3) Alzheimer's Disease 4) Amyotrophic Lateral Sclerosis 3 Filing an account of an activity or event: 1) Documentation 2) Arbitration 3) Me...