• 2022-06-05
    In our case study: Which of the following statements takes place at the end from a process of external accounting?
    A: Create reconciliation account in general ledger.
    B: Create Invoice Receipt for Rent Expense.
    C: Run Finanical Statement.
  • C

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    • 0

      Which of the following statement is true? A: In a given journal entry there may be ten debits and only one credit. B: When an expense account is debited some asset account must be credited. C: The journal and the ledger contain the same information. D: The ledger gives more details about a transaction than the journal does.

    • 1

      Which of the following statements is used to create an empty set A: { } B: set() C: [ ] D: ( )

    • 2

      Accounts payable appear on which of the following statements? ( ) A: Balance sheet. B: Income statement. C: Statement of owner's equity. D: Statement of cash flows.

    • 3

      Which of the following statements is NOT necessarily true about computerised accounting systems? A: They enable real-time reporting B: The information contained is completely accurate C: They facilitate the generation of exception reports D: They do not create mis-casting errors

    • 4

      Which of the following is not a selling expense? A: Advertising expense. B: Office salaries expense. C: Freight-out. D: Store supplies consumed.