Question Details

All of the following actions can help a business manage its cash flows except



1.	Which of the following accounts will eventually be followed with an inflow of cash?
a.	Prepaid Insurance
b.	Unearned Revenue
c.	Owner's Withdrawals
d.	Accounts Receivable




	2.	Which of the following accounts will eventually be followed with an outflow of cash?
a.	Design Revenue
b.	Notes Receivable
c.	Accounts Payable
d.	Prepaid Rent



	3.	All of the following actions can help a business manage its cash flows except
a.	convince its creditors to allow payment over a period of time.
b.	pay for all expenditures immediately.
c.	be efficient in making collections from its customers.
d.	arrange for a line of credit at the bank, should the funds be needed.


	

	4.	The general journal does not have a column titled
a.	Description.
b.	Account Balance.
c.	Date.
d.	Post. Ref.



	5.	Which of the following terms does not mean the same as the others?
a.	Footing
b.	Folio
c.	LP
d.	Post. Ref.




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