Aami accounting 1 - Study guides, Class notes & Summaries

AAMI Accounting 1 Final Review (Bus 311) Questions and Answers Account receivables are: - Correct Answer ️️ -Assets Cash is considered to be: - Correct Answer ️️ -Asset Which of the following is an example of a liability: - Correct Answer ️️ -Accounts Payable True or False - The expanded accounting equation is: Assets = Liabilities + Owner's Equity - Correct Answer ️️ -False Gross profit minus expenses equals: - Correct Answer ️️ -Net Profit Which of the following i...

Account receivables are: : Assets Cash is considered to be: : Asset Which of the following is an example of a liability: : Accounts Payable True or False - The expanded accounting equation is: Assets = Liabilities + Owner's Equity : False Gross profit minus expenses equals: : Net Profit 2 | P a g e Which of the following is not factored into computing Owner's Equity in the expanded Accounting equation: : Owner's Equity = [Capital In - Withdrawals] + [Revenue - Expenses] Reven...

Assets - Answer-100-199 Liabilities - Answer-200-299 Owner's Equity - Answer-300-399 Revenue - Answer-400-499 Expenses - Answer-500-599 Assets are: - Answer-Cash, Accounts Receivables, Furniture/Office Equipment, Buildings, Inventory, Automobiles, Machinery Liabilities are: - Answer-Accounts Payable, Mortgage Payable, Sales Tax Payable Capitals are: - Answer-Monies invested by owner, Monies withdrawn by owner Revenue are: - Answer-Sales/Income/Fees Expenses are: - Answer-Postage, Adve...

AAMI Accounting 1 Exam Questions and Answers 100% Pass Assets - Correct Answer ️️ -100-199 Liabilities - Correct Answer ️️ -200-299 Owner's Equity - Correct Answer ️️ -300-399 Revenue - Correct Answer ️️ -400-499 Expenses - Correct Answer ️️ -500-599 Assets are: - Correct Answer ️️ -Cash, Accounts Receivables, Furniture/Office Equipment, Buildings, Inventory, Automobiles, Machinery

AAMI Accounting 1 Final Review (Bus 311) – Q/A

AAMI Accounting 1 Questions And Answers 100% Correct | UPDATED 2024

AAMI Accounting 1 Exam Questions and Answers 100% Pass Assets - Correct Answer ️️ -100-199 Liabilities - Correct Answer ️️ -200-299 Owner's Equity - Correct Answer ️️ -300-399 Revenue - Correct Answer ️️ -400-499 Expenses - Correct Answer ️️ -500-599 Assets are: - Correct Answer ️️ -Cash, Accounts Receivables, Furniture/Office Equipment, Buildings, Inventory, Automobiles, Machinery Liabilities are: - Correct Answer ️️ -Accounts Payable, Mortgage Payable, Sal...

Liabilities : Debts that are owed to another for goods/services received/used but not yet paid for Ex. Accounts Payable Owner's Equity : How much a business is worth in dollar value Revenue-Expenses = Capital Assets : Things that a business owns or posses that are worth a specific dollar value Ex. Cash & Accounts payable Basic Accounting Equation : Liabilities + Owner's Equity = Assets Revenue 2 | P a g e : Money the business takes in from the sale of goods/services Fees : Mon...

Assets : 100-199 Liabilities : 200-299 Owner's Equity : 300-399 Revenue : 400-499 Expenses : 500-599 Assets are: 2 | P a g e : Cash, Accounts Receivables, Furniture/Office Equipment, Buildings, Inventory, Automobiles, Machinery Liabilities are: : Accounts Payable, Mortgage Payable, Sales Tax Payable Capitals are: : Monies invested by owner, Monies withdrawn by owner Revenue are: : Sales/Income/Fees Expenses are: : Postage, Advertising, Wages, Overtime, Utilities, Cost of g...

AAMI Accounting 1 Exam Questions and Answers 100% Pass Assets - Correct Answer ️️ -100-199 Liabilities - Correct Answer ️️ -200-299 Owner's Equity - Correct Answer ️️ -300-399 Revenue - Correct Answer ️️ -400-499 Expenses - Correct Answer ️️ -500-599 Assets are: - Correct Answer ️️ -Cash, Accounts Receivables, Furniture/Office Equipment, Buildings, Inventory, Automobiles, Machinery Liabilities are: - Correct Answer ️️ -Accounts Payable, Mortgage Payable, Sal...