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On a chart of accounts all asset and expense accounts are in the same division?
FALSE
Do revenue and expenses should be recorded in the same period to which they relate?
false
Is it true that a loss occurs when your revenue exceeds your expenses?
False, revenue is gain
the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
True or false revenue is a decrease in owners equity?
False, as revenue increases the owners equity if expenses are less than revenues and vice versa.
Related Questions
True or False Income and expense columns are the primary components of a budget. a) True b) False?
false
Is an example of parasitism is a person and a shark True or False?
False. Parasitism is a relationship where one organism benefits at the expense of another. In the example given, a person and a shark would not demonstrate a parasitic relationship as they do not typically interact in a way that would qualify for such a relationship.
In merchandise business sales minus operating expenses equals net income is this statement true or false?
False
On a chart of accounts all asset and expense accounts are in the same division?
FALSE
Do revenue and expenses should be recorded in the same period to which they relate?
false
Is it true that a loss occurs when your revenue exceeds your expenses?
False, revenue is gain
What two basic elements of a budget are income and expenses True or False?
true
Is Vivaldi's Spring an example of a concerto grosso?
False. Vivaldi's Spring is an example of a Baroque solo concerto.
the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
Water is an example of a compound true or false?
FALSE
Wind is an example of a landform. True or False?
False
Data are always numerical measurements true or false?
False. For example; your name is ___________.
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