Is the last report an owner’s equity account?
2. The owner’s gross increases
Reports receivable, income, cash c.
reports to pay
8. What range of gears
Silver
D. asset purchase
Passives
Silver
Ross Morris, Capital
B food solutions
Ross Morris, Capital
count Rep 4 The correct answer is an option: c) Debit Rep 5 The correct answer is an option: c) Debit Rep 6 The correct answer is an option: b. Resp dashboard 7 The correct answer is the option: b. active, passive, owner
depending on how the accountant has configured the machine c. may be the right part
reports to pay
a secured asset, bond or owner’s capital b. or are part of the account
Money, accounts payable, buildings b.
Prepaid Insurance Coverage
Initial costs, buildings, patents d.
reports to pay
Unearned profits, prepaid expenses, cash
is made up of assets only? a.
vs. T-Chart
a. increase in net worth
9. charges may result
D. stability test 7. In the report table, the sheet of total values
reports used by a small business is called
recorded in the cash account as a. neither debit nor credit b. a credit c. a debt d. debit or credit 6. A list of
of
equity
Ross Morris, Capital Prepaid Cash Insurance
Which of the last reports is an equity account?
equity b. active, passive, owner