Which ones are included by liabilities?
A. Notes payable
B. Rent revenue
C. Accounts payable
D. Taxes payable
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Which ones are included by revenue?
A. Fees earned
B. Commissions revenue
C. Rent revenue
D. Accounts receivable
Accounting errors are
A. Incorrect entry
B. Transposition error
C. Single entry error
D. Statement error
The purpose of the trial balance is to:
A. assist in transaction analysis
B. assist in the preparation of the financial statements
C. check the accuracy of the ledger or journal entries.
D. assist in record transaction
Which ones are included by expense?
A. Wages expenses
B. Utilities expenses
C. financial expenses
D. accounts payable