Cslb ch 5 exam - Study guides, Class notes & Summaries

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CSLB CH. 5 Exam Review Questions and answers/ 1 year - -1.) Current liabilities on a balance sheet are debts that become due within: Revenues and expenses over an extended period of time - -2.) An income statement shows: When the cash changes hands - -3.) In the cash system of accounting, a transaction is recorded or posted: Money due from customers who have purchased goods or services - -4.) Of the following which is the best description for accounts receivable? A budget should allow...

CSLB CH. 5 EXAM QUESTIONS CORRECTLY ANSWERED. 1 year - CORRECT ANSWER 1.) Current liabilities on a balance sheet are debts that become due within: Revenues and expenses over an extended period of time - CORRECT ANSWER 2.) An income statement shows: When the cash changes hands - CORRECT ANSWER 3.) In the cash system of accounting, a transaction is recorded or posted: Money due from customers who have purchased goods or services - CORRECT ANSWER 4.) Of the following which is the best...

CSLB CH. 5 Exam 2023 Questions and Answers

CSLB CH. 5 Exam

CSLB CH. 5 Exam

1 year - 1.) Current liabilities on a balance sheet are debts that become due within: Revenues and expenses over an extended period of time - 2.) An income statement shows: When the cash changes hands - 3.) In the cash system of accounting, a transaction is recorded or posted: Money due from customers who have purchased goods or services - 4.) Of the following which is the best description for accounts receivable? A budget should allow leeway for month to month variations...

Ch. 1: Law (Contractors License) Questions with correct Answers Licensed Plumbing, Sign, and Well Drilling Contractors must have their business name, business address, and contractor's license number in letters at least ____ _____ high on both sides of their commercial vehicles. 1-1/2 inches Those performing "minor" work, the total contract price for labor, materials, and all other items is less than ___ are exempt from licensing requirements. $500 If a contractor changes a bu...