The local market ______ for 55% of the company’s revenue this year.
A: is accounting
B: accounts
C: accounted
D: account
A: is accounting
B: accounts
C: accounted
D: account
举一反三
- Which of the following statements about temporary account is not correct: A: All temporary accounts are closed at the end of each accounting period. B: In the post-closing trial balance, the temporary accounts are reset to zero ending balances. C: Revenue and owner’s capital account are examples of temporary accounts. D: Income summary is a temporary account used for the closing process.
- Which of the following affects a company’s equity: A: Machine B: Service Revenue C: Accounts Receivable D: Cash
- Revenue accounts should begin each accounting period with zero balances.
- Unearned revenue is closed to the income summary account at the end of the accounting period.
- A company has the following summarised SOPL for the year. $Sales revenue 70,000 cost of sales (42,000)Goss profit 28,000expenses (21,000)Net profit 7,000 What is the company's gross profit margin for the year? A: 10% B: 40% C: 25% D: 17%