NO NEED AN EXPLANATION, JUST SEND THE ANSWER ASAP, I BADLY NEED IT….

Question Answered step-by-step NO NEED AN EXPLANATION, JUST SEND THE ANSWER ASAP, I BADLY NEED IT…. NO NEED AN EXPLANATION, JUST SEND THE ANSWER ASAP, I BADLY NEED IT.  1.) Posting references indicate:Select one:a.The sources of the postings.b.The destinations of the postings.c.No correct answerd.Both the sources and destinations of the postings. 2.) A loan can be described as a short-term loan of the period is:Select one:a.3 yearsb.Over 1 yearc.Less than 1 yeard.More than 2 years 3.) Books of accounts include:Select one:a.Journals and files of source documentsb.Journals and financial statementsc.Journals and ledgersd.Ledgers and financial statements 4.) The process of recording is doneSelect one:a.At the end of the accounting periodb.Once a yearc.Two times a yeard.Frequently during the accounting period 5.) The long-term assets that have no physical existence but are right that have value is known as:Select one:a.Intangible assetsb.Investmentsc.Fixed assetsd.Current assets 6.) The net income of a reporting period is equal to:Select one:a.Expenses – incomeb.Revenues – lossesc.Income – expendituresd.Income – expenses 7.) Temporary accounts would include:Select one:a.Capital, drawing and expensesb.Capital, income and expensesc.Capital, drawing and incomed.Drawing, income and expenses 8.) The account of a supplier would be found in:Select one:a.Sales day bookb.Purchases ledgerc.Purchases day bookd.General ledger 9.) Which of these items would be accounted for as an expense?Select one:a.Payment of the current period’s rent.b.Dividends to stockholdersc.The purchase of land.d.Repayment of a bank loan 10.) The cost of chairs and tables of the Manager’s office will be:Select one:a.No correct answerb.A revenue expenditurec.A capital expenditured.AV deferred revenue expenditure Accounting Business Financial Accounting Share QuestionEmailCopy link Comments (0)