题目内容

Ifabankstatementincludedabankcollectionandrelatedinterestrevenue,thejournalentrytorecordthisreconcilingitemshouldincludea:

A. debittoCash
B. credittoCash
C. debittoNoteReceivable
D. debittoNotePayable

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Beforepayinganinvoiceforgoodsreceivedonaccount,thecontrollerortreasurershouldensurethat

A. thecompanyispayingforthegoodsitordered.
B. thecompanyispayingforthegoodsitactuallyreceived
C. thecompanyhasnotalreadypaidthisinvoice.
D. allofthem

Whenacompanyreceivesacashdividendfromatradingsecurity,thejournalentryincludes:

A. adebittodividendrevenueandcredittocash
B. adebittocashandcredittotradinginvestment
C. adebittocashandcredittodividendrevenue
D. noneoftheabove

Tradingsecuritiespurchasedin2016for$90,000werevaluedat$92,000onDecember31,2016.AtDecember31,2017thesecuritieshadafairvalueof$95,000.ThejournalentryonDecember31,2017wouldincludea:

A. debittotheinvestmentaccountfor$5,000
B. debittotheinvestmentaccountfor$3,000
C. credittotheunrealizedgainaccountfor$5,000
D. debittotheunrealizedlossaccountfor$3,000

Thebiggestriskofsellingoncreditis:

A. theriskofpostingapaymenttothewrongsubsidiaryaccount
B. theriskofnotcollectingsomeofthereceivables
C. theriskoflosingasale
D. noneoftheabove

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