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posting referneces on a journal should be
a.made when jounalizing
b.entered when the journal is totaled
c.entered when posting to the ledger
d.entered in alphabetical order

asset accounts are increased by?
a.entrie to the debit side of the account
b.crediting a liability account
c.entries to the right side of the account
d.adding a credit entry to the accounts normal balance

which of the following best describes a trial balance
a. its a list of all the debit balances and credit balances in the ledger
b.it has the same information in it as the balance sheet
c.its prepared after the balance sheet
d.its the final staetment prepared before closing books

the accounts listed on the trial balance with a credit balance include?
a.liablilty, owners capital, and revunue accounts
b.asset, liability,and owners capital accounts
c.owners capital,revunue,and expense accounts
d.liablility, owners capital, and expense accounts

2007-03-14 12:17:03 · 2 answers · asked by veronica432578 2 in Business & Finance Personal Finance

revenue and expense accounts are considered temporary accounts because they?
a.are used only once in a while
b.are closed out periodically
c.represent the asset and liability accounts
d.are used when preparing the balance sheet

2007-03-14 12:19:42 · update #1

10 points for whoever answers it

2007-03-14 12:21:01 · update #2

2 answers

#1=a
#2=a
#3=a
#4=d
#5=c

2007-03-14 16:26:01 · answer #1 · answered by musicman 5 · 0 0

the answer is typically "c"

2007-03-14 12:35:44 · answer #2 · answered by derek 4 · 0 0

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