0
True
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
The purchase of a typewriter on an account would be recorded as a debit on accounts payable and credit to office equipment True or False?
false
Accumulate depreciation accounts are liability accounts?
FALSE, It's a contra-asset
Is Accumulated Depreciation closed to the Income Summary account?
false
The Common Stock Distributable account is classified as a current liability?
FALSE!
The post reference notation used in the ledger is the account number?
false
True or false that purchase return and allowances is contra account and its normal balance would be credit?
true
The purchase of a typewriter on an account would be recorded as a debit on accounts payable and credit to office equipment True or False?
false
If the buyer bears the freight costs related to a purchase the terms are said to be FOB destination. is it true or false?
It is false. FOB destination means that the shipper bears the responsibility for shipping, including costs and liability.
Accumulate depreciation accounts are liability accounts?
FALSE, It's a contra-asset
The Accumulated Depreciation's account balance is the sum of depreciation expense recorded in past periods true or false?
Yes. Accumulated depreciation is a contra asset account, which means it has an opposite balance from a normal asset account. It is used to reduce the balance whatever asset you are deprecating. When you total your assets on the balance sheet, you deduct the cost of Accumulated depreciation from your assets to get the true worth of your assets.
Purchase discounts is the same as trade discounts true or false?
false
How can you prove someone's stalking your Facebook through false accounts?
You can prove someone is stalking you through a false account if you have messages from the profile. You can report the false account to the Facebook support team.
You can switch to any account in your current organization?
False
A savings account does not draw any interest?
false
The Government Purchase Cardholder is encouraged to also be an accommodation / convenience check holder?
False
The sub account screen will only show the primary contact for each sub account?
false
True or False The Resource or Financial Manager is responsible for ensuring fund availability prior to purchase?
False
