Simple Book Keeping Test with Complete Solutions Graded A+
4 views 0 purchase
Course
Simple Book Keeping
Institution
Simple Book Keeping
Simple Book Keeping Test with Complete Solutions Graded A+
Describes the unsold goods that are intended for sale - Answer-Inventory
Describes the tools and equipment used for the operation and production of goods. - Answer-Equipment
Describes assets like chairs, tables and display cases. -...
Simple Book Keeping Test
with Complete Solutions
Graded A+
Describes the unsold goods that are intended for sale - Answer-Inventory
Describes the tools and equipment used for the operation and production of goods. -
Answer-Equipment
Describes assets like chairs, tables and display cases. - Answer-Furniture and fixtures
Describes financial obligation arising from goods purchased or services received -
Answer-Accounts payable
Describes financial obligations supported with notes - Answer-Notes payable
Describes unpaid obligations of light and water - Answer-Utilities payable
Describes unpaid salaries of the workers - Answer-Salaries payable
Describes the original and additional investment of the owner - Answer-Capital
Describes the temporary withdrawal of capital by the owner - Answer-Drawing
Describes the general services rendered - Answer-Service income
Describes the income arising from lease or rent of property - Answer-Rental income
Describes the sale of goods or products to the consumers - Answer-Sales
Describes the payments or salaries - Answer-Salaries and wages
Describes expenses on store supplies - Answer-Store Supplies expense
Small business record their business transactions in the book of the business
called_______________ - Answer-Bookkeeping
Refer to the events where there are exchange of values - Answer-Transactions
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Scholarsstudyguide. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.