ACCT 212 Week 2 Quiz | Assignment Help | Devry University
- Devry University / ACCT 212
- 10 Sep 2018
- Price: $5
- Other / Other
ACCT 212 Week 2 Quiz | Assignment Help | Devry University
Question 1
3 / 3 pts
(TCO 2) The debt created by a business when it makes a purchase on account is a(n)
Question 2
0 / 3 pts
(TCO 2) Which of the following transactions will increase Stockholders' Equity?
Question 3
3 / 3 pts
(TCO 2) When a company borrows cash from the bank
Question 4
3 / 3 pts
(TCO 2) The left side of a T-account is always the
Question 5
3 / 3 pts
(TCO 2) An account is increased by a debit and has a debit balance. This account is
3 / 3 pts
(TCO 2) Accounting transactions are initially recorded in the
Question 7
3 / 3 pts
(TCO 3) A doctor performed surgery in March and did not receive cash from the patient until July. Under accrual accounting the doctor recognizes revenue
Question 8
3 / 3 pts
(TCO 3) The revenue principle governs two things:
Question 9
3 / 3 pts
(TCO 3) Revenues and expenses affect stockholders' equity; therefore, net income is then transferred to
Question 10
3 / 3 pts
(TCO 3) After the closing entries are prepared
USA 
India