What is meant by a prime entry record?
A: An entry to the ledger accounts
B: The initial recording of a transaction within the accounting system
C: The recording of the debit side of a double entry
D: The sum of the direct costs incurred during production
A: An entry to the ledger accounts
B: The initial recording of a transaction within the accounting system
C: The recording of the debit side of a double entry
D: The sum of the direct costs incurred during production
举一反三
- In an integrated accounting system what is the correct entry to record direct labour costs? A: Debit Production overhead, Credit Wages B: Debit Wages, Credit Production overhead C: Debit Work in progress, Credit Wages D: Debit Wages, Credit Work in progress
- The right step to analyze the transaction should include_____ A: indentify the transaction and any source documents B: analyze the transaction using the accounting equation C: record the transaction in journal entry for applying doucble-entry accounting D: post the entry
- Under the direct write-off method, the journal entry to record Uncollectible-Account Expense includes a credit to Accounts Receivable.
- An entry made to record an accrual, such as bad debt expense, that is not yet reflected in the accounting system is best described as a(n):（） A: ledger entry. B: adjusting entry. C: trial balance entry.
- , 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