Journal entires Study guides, Class notes & Summaries
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ACCOUNTING 211 Liberty University -Accounting 211 exam 1 Debits and Credits questions n answers rated A+
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Accounting 211 exam 1 Debits and CreditsAssets - correct answer increase with debits 
decrease with credit 
 
Liabilities - correct answer decrease with debits 
increase with credits 
 
Shareholder's equity - correct answer decrease with debits 
increase with credits 
 
Normal balance - correct answer increase side of t-chart 
 
Revenues 
Expenses - correct answer increase shareholders' equity = credit 
decrease shareholders' equity = debit 
 
The accounting cylce - correct answer 1. Analyze...
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Intermediate Accounting 1 Final Exam Questions With 100% Correct Answers
- Exam (elaborations) • 8 pages • 2024
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Intermediate Accounting 1 Final Exam 
Questions With 100% Correct Answers 
financial reporting - answerprocess of providing this information to external users 
capital markets - answeras a composite of all investors and creditors, helps our economy 
allocate resources 
cash basis accounting - answermeasurement of cash receipts and cash payments from 
transactions related to providing goods and services, difference is net operating cash flow, only 
accounts for the cash flow/inflow when it is hap...
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Intermediate Accounting 1 Final Exam Questions With 100% Correct Answers
- Exam (elaborations) • 8 pages • 2024
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Intermediate Accounting 1 Final Exam 
Questions With 100% Correct Answers 
financial reporting - answerprocess of providing this information to external users 
capital markets - answeras a composite of all investors and creditors, helps our economy 
allocate resources 
cash basis accounting - answermeasurement of cash receipts and cash payments from 
transactions related to providing goods and services, difference is net operating cash flow, only 
accounts for the cash flow/inflow when it is hap...
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Intermediate Accounting 1 Final Exam Guaranteed Success
- Exam (elaborations) • 11 pages • 2024
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Intermediate Accounting 1 Final Exam Guaranteed Success 
f 
 inancial reporting 
capital markets 
cash basis accounting 
process of providing this information to external users 
as a composite of all investors and creditors, helps our economy allocate resources 
measurement of cash receipts and cash payments from transactions related 
to providing goods and services, difference is net operating cash flow, only accounts for the cash 
f 
 low/inflow when it is happens 
accrual basis accou...
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Intermediate Accounting 1 Final Exam Questions With 100% Correct Answers
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
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- $12.49
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Intermediate Accounting 1 Final Exam 
Questions With 100% Correct Answers 
financial reporting - answerprocess of providing this information to external users 
capital markets - answeras a composite of all investors and creditors, helps our economy 
allocate resources 
cash basis accounting - answermeasurement of cash receipts and cash payments from 
transactions related to providing goods and services, difference is net operating cash flow, only 
accounts for the cash flow/inflow when it is hap...
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QuickBooks Certification Exam Study Guide 125 Questions with Verified Answers,100% CORRECT
- Exam (elaborations) • 13 pages • 2024
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QuickBooks Certification Exam Study Guide 125 Questions with Verified Answers 
 
Why would you hide or collapse sub accounts on a report? - CORRECT ANSWER To temporarily hide unnecessary detail and hide parent accounts 
 
What should you do after you click save & close on a customer credit memo? - CORRECT ANSWER Choose between retained as an available credit, give a refund or apply to an invoice 
 
Which of the following CAN be memorized in quickbooks? - CORRECT ANSWER check 
 
Which is NOT show...
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WGU D102 financial accounting all terms questions and answers
- Exam (elaborations) • 10 pages • 2023
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account - ANSWER-an accounting record in which the results of transactions are accumulated; shows increases, decreases, and a balance 
 
accounts receivable - ANSWER-a current asset representing money due for services performed or merchandise sold on credit 
 
accrual accounting - ANSWER-the process of recording expenses and revenues when incurred and earned, regardless of when cash is received, and of adjusting original transaction data into refined measures of a firm's past economic performan...
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QuickBooks Certification Exam Study Guide questions and answers 2023
- Exam (elaborations) • 10 pages • 2023
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QuickBooks Certification Exam Study Guide questions and answers 2023 
Why would you hide or collapse sub accounts on a report? 
To temporarily hide unnecessary detail and hide parent accounts 
 
 
 
What should you do after you click save & close on a customer credit memo? 
Choose between retained as an available credit, give a refund or apply to an invoice 
 
 
 
Which of the following CAN be memorized in quickbooks? 
check 
 
 
 
Which is NOT shown on the payroll summary report on quickbooks? ...
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QuickBooks Certification Exam Study Guide 125 Questions with Verified Answers,100% CORRECT
- Exam (elaborations) • 13 pages • 2024
-
- $11.49
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QuickBooks Certification Exam Study Guide 125 Questions with Verified Answers 
 
Why would you hide or collapse sub accounts on a report? - CORRECT ANSWER To temporarily hide unnecessary detail and hide parent accounts 
 
What should you do after you click save & close on a customer credit memo? - CORRECT ANSWER Choose between retained as an available credit, give a refund or apply to an invoice 
 
Which of the following CAN be memorized in quickbooks? - CORRECT ANSWER check 
 
Which is NOT show...
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Intermediate Accounting 1 Final Exam Questions and Answers | Graded A+
- Exam (elaborations) • 16 pages • 2024
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- $10.29
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Intermediate Accounting 1 Final Exam Questions and 
Answers | Graded A+ 
financial reporting - process of providing this information to external users 
capital markets - as a composite of all investors and creditors, helps our economy allocate 
resources 
cash basis accounting - measurement of cash receipts and cash payments from transactions 
related to providing goods and services, difference is net operating cash flow, only accounts for 
the cash flow/inflow when it is happens 
accrual b...
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