Typically, what is a not for profit entities main source of revenue?

 

 

If a company returned goods to their vendor, would accounts payable be debited or credited?

What is a general ledger?

Which is liability accounts? (check all that apply)

An employee completes a _____ form to verify their identity and employment eligibility.

Accounts receivable is often referred to as buying on _____ (check all that apply).

Select the correct institution that establishes the financial reporting requirements for the non-profit accounting process.

What are the general asset classes for non-profit organizations? (check all that apply)

One of your customers purchased $1,000 on account during the fiscal year. In June of that year they filed for bankruptcy and were unable to remit the balance owed to your company. What is the adjusting entry for this scenario?

The main difference between for profit and not for profit entities is that not for profit entities do not have _____.

What kind of account is accounts payable?