单选题 The journal entry to record the collection of $950 from a customer on account is ( ).
A、Dr. Cash in bank 950
B、Dr. Cash in bank 950
C、Dr. Accounts payable 950
D、Dr. Cash in bank 950
单选题 accounting is a kind of( ).
A、manufacturing activity
B、service activity
C、marketing activity
D、trading activity
单选题 Note payable has a beginning balance of 50,000 and the ending balance in Notes Payable is $39,000. Determine the payments on loan during the period.
A、$31,500
B、$32,500
C、$31,050
D、$35,100
单选题 Which of these is an example of a liability account?
A、Accounts Receivable
B、Mike Andrew, Withdrawals
C、Unearned Revenue
D、All Above
单选题 Which of these accounts has a normal debit balance?
A、Rent Expense
B、Mike Andrew, Capital
C、accounts payable
D、Both A and C
单选题 Accrual basis records transactions when ( ).
A、cash is received
B、cash is paid
C、they occur
D、the year ends
单选题 The basic accounting equation is ( ).
A、Assets= Liabilities- Equity
B、Assets= Liabilities+ Equity
C、Assets+ Equity= Liabilities
D、Liabilities= Assets+ Equity
单选题 Which one is the only underlying assumption emphasized by IASB?()
A、Going concern
B、Economic entity
C、Accounting period
D、Monetary measurement