题目内容

A T-account is（）

A. a way of depicting the basic form of an account
B. what the computer uses to organize bytes of information
C. a special account used instead of a trial balance
D. used for accounts that have both a debit and credit balance

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The double-entry system requires that each transaction must be recorded（）

A. in at least two different accounts
B. in two sets of books
C. in a journal and in a ledger
D. first as a revenue and then as an expense

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On January 14, Franco Industries purchased supplies of $500 on account. The entry to record the purchase will include（）

A. a debit to supplies and a credit to accounts payable
B. a debit to supplies and a credit to accounts receivable
C. a debit to supplies and a credit to cash
D. a debit to accounts payable and a credit to supplies

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An account（）

A. is a record of increases and decreases to a specific item
B. consists of two parts
C. is where transactions are originally recorded
D. always has a debit balance

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An income statement（）

A. summarizes the changes in equity for a specific period of time
B. reports the changes in assets, liabilities, and equity over a period of time
C. reports the assets, liabilities, and equity at a specific date
D. presents the revenues and expenses for a specific period of time

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A T-account is（）

A. a way of depicting the basic form of an account B. what the computer uses to organize bytes of information C. a special account used instead of a trial balance D. used for accounts that have both a debit and credit balance

The double-entry system requires that each transaction must be recorded（）

On January 14, Franco Industries purchased supplies of $500 on account. The entry to record the purchase will include（）

An account（）

An income statement（）

A. a way of depicting the basic form of an account
B. what the computer uses to organize bytes of information
C. a special account used instead of a trial balance
D. used for accounts that have both a debit and credit balance