What is a general ledger Study guides, Class notes & Summaries
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WGU D102 Financial Accounting Exam Questions with Verified Answers (Graded A)
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What information is contained in a balance sheet? - ANSWER-Report of a company's financial position as of a point in time. 
 
What is an owners' equity item? 
 
Accounts receivable 
Loans payable 
Capital stock 
Cash - ANSWER-Capital Stock 
 
A company ended July with assets of $150,000 and owner's equity of $60,000. 
What is the amount of liabilities at the end of July? - ANSWER-$90,000 
 
What is reported in a multiple-step income statement that is not reported in a single-step income state...
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Accounting 2401 Final Exam Study Guide
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Accounting 2401 Final Exam Study Guide 
ACCOUNTING 2401 FINAL EXAM STUDY GUIDE 
 
 
 
 
 
Accounting 2401 Final Exam Study Guide 
 
Multiple Choice (2.5 points each) 
1.	During 2014, Parker Enterprises generated revenues of $90,000. The company’s expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. 
 
Parker’s gross profit is 
a. $24,000. 
b. $27,000. 
c. $45,000. 
d. $90,000. 
 
2.	During 2014, Parker Ente...
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AAT Level 2 - Bookkeeping Transactions Questions and Answers 100% Pass
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AAT Level 2 - Bookkeeping Transactions 
Questions and Answers 100% Pass 
 
What is the purpose of a sales invoice? 
 A sales invoice documents the sale of goods or services, detailing the amount owed by the 
customer. 
 
How are purchases recorded in bookkeeping? 
 Purchases are recorded as debits in the purchases account and credits in the accounts 
payable account. 
 
What is the function of a petty cash book? 
 A petty cash book tracks small, everyday expenses paid in cash, helping to manage ...
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NAB Core Practice Exam 110 Questions all with correct Answers
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1. Which one of the following steps should be taken first in a risk management program? 
 
A. Purchasing of adequate insurance 
B. Conducting of employee safety drills 
C. Identifying hazards and risks 
D. Conducting staff in-services on incident reporting and accident prevention. - ANSWER-C. Identifying hazards and risks 
 
2. Which of the following professionals is authorized to dispense medications? 
A. registered nurse 
B. licensed nurse, physician and, in some states, medication aide. ...
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CDFM Exam LATEST 2023-2024 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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CDFM Exam LATEST ACTUAL EXAM 
QUESTIONS AND CORRECT ANSWERS (VERIFIED 
ANSWERS) |ALREADY GRADED A+ 
Who are determined to be accountable individuals for the DoD? - 
CORRECT ANSWER Certifying & Disbursing Officers & DAOs 
What are the two types of trust revolving funds? - CORRECT 
ANSWER Intragovernmental & Public Enterprises 
Is there a substantive difference between a trust fund and a 
special fund? - CORRECT ANSWER No 
What is an example of a trust fund? - CORRECT ANSWER 
Foreign Militar...
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ETS Major Field Test (Answered Test): Bachelor's Degree in Business.
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ETS Major Field Test (Practice Test): Bachelor's Degree in Business. 
 
The common characteristic possessed by all assets is 
 
a) Long life 
b) Great monetary value 
c) Tangible nature 
d) Future economic benefit 
 
Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? 
 
a) Market-seeking FDI 
b) Efficiency-seeking FDI 
c) Resource-seeking FDI 
d) Strategic asset-seeking FDI 
 
Under the Uniform Comm...
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Quickbooks Online Certification Questions and Answers 2023
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Quickbooks Online Certification Questions and Answers 2023 
One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: 
All the data is hosted, backed up and secured by Intuit's servers 
 
 
 
Your client uses QuickBooks Online Simple Start. How many accountant users can your client invite? 
2 
 
 
 
Your client is moving out of state and wants you to do the monthly accounting in their data file. What would be the best reason to recommend conve...
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Bookkeeping Ch 1-6 Questions and Answers Already Passed
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Bookkeeping Ch 1-6 Questions and 
 
Answers Already Passed 
 
What is the primary purpose of bookkeeping? 
 The primary purpose of bookkeeping is to systematically record and organize financial 
transactions to provide accurate financial information. 
 
What is an account in bookkeeping? 
 An account is a record used to track financial transactions related to a specific asset, 
liability, equity, revenue, or expense. 
 
What is the difference between a debit and a credit? 
 
 A debit increases a...
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AIS Study Exam I Questions & Answers 2024/2025
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AIS Study Exam I Questions & Answers 2024/2025 
 
 
How can the outline/summaries be useful? - ANSWERSIntroducing material, study checklist 
 
Relevance - ANSWERSMakes a difference in a decision; enhances decision making (predictive value, feedback value, timeliness) 
 
Reliability - ANSWERSAccuracy of information (verifiability, neutrality, faithful representation) 
 
Example from target breach. - ANSWERSHackers got customer name, credit card #, and pin 
 
Elements - ANSWERSData 
 
Characterist...
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Sage Intact Implementation Questions and Answers Already Passed
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Sage Intact Implementation Questions 
 
and Answers Already Passed 
 
General Ledger: What rolls an account's ending balance, for each reporting period into the 
retained earnings accounts, effectively making the balance forward for the account zero? 
Non-closing accounts 
 
General Ledger: What GL configuration option prevents users from entering a journal entry or 
other transaction that does not balance for the current dimension? Enforce JE balancing 
 
General Ledger: What does an entity tr...
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