Posted by admin | Posted in Parts And Stuff | Posted on 23-10-2010
Tags: au, complete, photo, tools, web2.0
Way Complete
Which of the following would be an incorrect way to complete the recording of this transaction?
An accountant has debited an account for $3,500 and credited a liability account for $2,000. Which of the following would be an incorrect way to complete the recording of this transaction:
A) Credit another asset account for $1,500.
B) Credit another liability account for $1,500.
C) Debit another asset account for $1,500.
D) Credit the owner's capital account for $1,500.
The correct answer is C
Reason: Since you have 3,500 on the debit side and 2,000 on the credit side, to balance you need another 1,500 credit. A, B, and D all are credits for 1,500 dollars and acceptable ways to complete the transaction. Since C is the only answer that isn't a credit it is the only incorrect way to complete the transaction and therefore the answer is C.
Kyosuke Himuro feat. Gerard Way - Safe and Sound [HQ] FFVII Advent Children Complete
 |
 30 1 2 CHROME PLATED BULGE ACORN LUG NUTS to 6K AXLE  US $37.50
|
 Wesbar 4 x 6 LED Trailer Light Kit Wesbar 407560 US $90.99
|
 Wesbar 3 x 8 Waterproof LED Over 80 Trailer Light Kit US $84.99
|
 Wesbar Under 80 Submersible LED Combination Trailer Light Kit US $65.99
|
 Wesbar Waterproof Over 80 Low Profile Trailer Light Kit US $43.99
|
 Klippy Klips Clips 10 Pack for Awning Lights Banners US $5.79
|
 2 EZ Grease Dust Caps Trailer Axle Lube Cover for trailer axle hubs 244 US $5.85
|
 Cummins Onan GenSet Standard Remote Lighted Switch with Hour Meter 3004943 US $69.95
|
 STICK BOOM SLING UNIT US $3,500.00
|
 2 EQUA FLEX TRAILAIR RUBBER CUSHIONED EQUALIZER 4000 lb US $50.00
|
 Blue Ox TC35160 OB Open Box TruCenter Steering Stabilizer 35 Inch 160 lbs US $776.94
|
 Ladder Roof Rack Aluminum PK 28B Trailer Racks US $48.95
|
 NEW 4 PIN WIRING HARNESS FOR TRAILERS US $12.99
|
 RECESSED HALOGEN LIGHTS AND 1 SWITCH 4 LIGHTS US $34.99
|
 POLLAK 7 Way Complete Plug Set with Vehicle and Trailer Ends Brand New RV US $8.75
|
 Dometic cooling unit RM2600 we have Norcolds too US $485.00
|
 Dometic cooling unit RM2620 we have Norcold too US $485.00
|
 Dometic cooling unit RM3600 we have Norcold too US $485.00
|
 Dometic cooling unit RM3601 we have Norcold too US $495.00
|
 Dometic cooling unit RM3604 we have Norcold too US $485.00
|
