Personal accounts are contained in the _____. A: Note receivables ledger B: account receivables ledger C: account payables ledger D: Note payables ledger

Which accounts appear on which financial statement? A: Balance sheet: Receivables, land, payablesIncome statement: Revenues, supplies B: Balance sheet: Cash, revenues, landIncome statement: Expenses, payables C: Balance sheet: Cash, receivables, payables Income statement: Revenues, expenses D: Balance sheet: Expenses, payables, cash Income statement: Revenues, receivables, land

Alana is not registered for sales tax purpose. She has recently received an invoice for goods for resale which cost $500 before sales tax, which is levied at 15%. The total value was therefore $575. What is the correct entry to be made in Alana's general ledger in respect of the invoice? A: Dr Purchases $500, Dr Sales tax $75, Cr Payables $575 B: Dr Purchases $575, Cr Sales tax $75, Cr Payables $500 C: Dr Purchases $500, Cr Payables $500 D: Dr Purchases $575, Cr Payables $575

Control accounts are used chiefly for _____. A: cash B: bad debt expense C: receivables D: payables

When deciding on working capital policies, we only need to consider credit policy and payables policy. A: 正确 B: 错误

中国大学MOOC: Trade receivables and payables in the final accounts of a sales tax registered trader will appear as described by which of the following?

To which of the following is the receivables ledger control account reconciled? A: Aged receivables analysis B: Payables ledger C: Receivables ledger D: Cash book

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

If a firm has 25days of accounts payables outstanding and 30 days invested in inventory and their cash to cash cycle time is 80days, how many days of accounts receivables do they have? A: 105days B: 80 days C: 75days D: 50days

An analyst has gathered the following data about a company: Average receivables collection period of 95 days Average inventory processing period of 183 days A payables payment period of 274 days What is their cash conversion cycle A: 186 days. B: 552 days. C: 4 days.