Increase assets and increase expenses
MBA 3rd (Finance),
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On Wed, Feb 16, 2011 at 5:25 PM, mc090405005 Imtiaz Ahmad <mc090405005@vu.edu.pk> wrote:
Yes in my point of view it is 3rd:► Cash that has already been collectedImtiaz AhmadAnd Following quiz Seems Wrong in my view ?Question # 18 of 20 ( Start time: 06:41:26 AM ) Total Marks: 1
How would the sale of merchandise on account be represented in the seller's records?
Select correct option:
Increase assets and increase expenses
Increase assets and decrease liabilities
Increase assets and increase paid-in capital
Increase assets and decrease revenuesThanksImtiaz AhmadOn Wed, Feb 16, 2011 at 4:47 PM, sa2277550 <sa2277550@gmail.com> wrote:
► Cash that has already been collectedOn Wed, Feb 16, 2011 at 1:07 PM, saad khan <saadkhan545@gmail.com> wrote:
Which of the following is NOT normally required for revenue to be recognized according to the revenue principle for accrual basis accounting?Its Option 3rd or 4??- Hide quoted text -
► The price is fixed or determinable
► Services have been performed
► Cash that has already been collected
► Evidence of an arrangement for customer payment exists--On Wed, Feb 16, 2011 at 3:05 PM, LAIBA BUTT <laiba.butt98@gmail.com> wrote:
On Wed, Feb 16, 2011 at 1:39 AM, Farooq A Hashmi <mc090401609@vu.edu.pk> wrote:
An entry that affects more than one accounts is knows as _____________.
1. Journal entry
2. Compound entry
3. Adjusting entry
4. Reversing entry--
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Rgds
Farooq
MBA-III-Finance
Islamabad.
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