Correct Answer: To a miscellaneous income account, which will be attended to when it is reconciled
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Accounts Payable Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Accounts Payable MCQ Questions
What is one of the fastest growing mediums for fraud?
Accounts payable can usually be broken down into which two categories?
True or False? Entertainment and travel is generally a part of accounts payable.
If the three-way-match is off by a negligible dollar amount, what happens in Accounts Payable?
When a rush check request comes in, what happens to the accounts payable department?
Tax Accounting Services pays off $200 on account. To record this transaction for Tax Accounting Services, the cash account is credited. Which account is debited?
What is the difference between billable and non-billable expenses?
The Provisions of SFAS 109, Accounting for Income Taxes, are applicable to:
The correct journal entry to record a return of inventory purchased on credit basis using a perpetual inventory system includes:
What does the acronym EFT stand for?