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Re: ::::IIVU ASKARII:::: FIN 621 MCQ??



On Mon, Feb 21, 2011 at 7:41 AM, Waqas Ahmed <waqas.vu09@gmail.com> wrote:
How would the purchase of merchandise on account be represented in the buyer'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 revenues
 
How would the purchase of merchandise on account be represented in the buyer's
records?
► Increase assets and increase expenses
► Increase assets and increase liabilities
► Increase liabilities and increase paid-in capital
► Increase liabilities and decrease assets
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 revenues

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We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
You received this message because you are subscribed to the Google
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