Premium on Bonds Payable is an adjunct or accretion liability account.
举一反三
- Premium on Bonds Payable is an adjunct or accretion liability account. A: 正确 B: 错误
- Typical current liability accounts include accounts payable,unearned revenue, bonds payable.
- Which ONE of the following is an error of principle? A: A gas bill credited to gas account and debited to the bank account. B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account. C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account. D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.
- An expenditure results either in a(n) ( ) in the asset account or a(n) ( ) in a liability account. A: decrease, decrease B: increase, increase C: increase, decrease D: decrease, increase
- Which<br/>of the following accounts is NOT a liability? ( ) A: Accounts Payable B: Notes Payable C: Salaries Payable D: Accounts Receivable