Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: avaggp on Feb 22, 2018



Title: A check is a document ordering the depositor to pay cash from the bank's account.
Post by: avaggp on Feb 22, 2018
A check is a document ordering the depositor to pay cash from the bank's account.
 a. True
   b. False
   Indicate whether the statement is true or false



(Q. 2) If a company's expenses for the period are greater than its revenues, then the company will report ________.
 
  A) net income
  B) a decrease in cash
  C) a net loss
  D) both a decrease in cash and a net loss



(Q. 3) The arrangements between buyer and seller as to when payments for merchandise are to be made are called
 a. credit terms
  b. net cash
  c. cash on demand
  d. gross cash



(Q. 4) Reliable information can be verified.
 
  Indicate whether the statement is true or false



(Q. 5) Establishing and maintaining a viable internal control system is the responsibility of management.
  Indicate whether the statement is true or false



(Q. 6) Net income means the same thing as net ________.
 
  A) expenses
  B) revenues
  C) cash
  D) profit


Title: A check is a document ordering the depositor to pay cash from the bank's account.
Post by: datstragicbro on Feb 22, 2018
1)  FALSE

2)  C

3)  a

4)  TRUE

5)  T

6)  D


Title: A check is a document ordering the depositor to pay cash from the bank's account.
Post by: avaggp on Feb 22, 2018
Nice!


Title: A check is a document ordering the depositor to pay cash from the bank's account.
Post by: datstragicbro on Feb 22, 2018
:-]