, in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account. T
举一反三
- Under and allowance method of accounting for bad debts , the entry made when an account is written off is
- For each journal entry, the account to be debited is indented.
- The entry to record the collection of $ 8000 from a customer on account is .
- In a financial accounting system what would be the double entry for the purchase of raw materials? A: Dr Raw material inventory, Cr Payables control account B: Dr Raw material inventory, Cr Cost control account C: Dr Payables control account, Cr Dr Raw material inventory D: Dr Cost control account, Cr Dr Raw material inventory
- An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(): ____ A: Accrued expense. B: Contra account. C: Accrued revenue. D: Intangible asset.