Which of the following is a typical prepaid expense?

Which of the following is a personal account?

Trade accounts receivable:

Which of the following transactions would have no impact on the stockholders' equity?

If a customer is not paying their invoices, the best first step to encourage them to pay is:

When applying the accrual basis of accounting, how would you report expenses that covered a future period?

In the double-entry bookkeeping system, financial transactions are first recorded in the:

Under the accrual basis of accounting, revenues are reported in the accounting period when the

If a financial transaction increased an asset you would credit the asset account in the bookkeeping system?

The cost price of a box produced by the company "X" is $2. On December 31, 2014 they have 1.000 boxes on stock. On the same day net sales price for this box is $1.9. Which value of boxes has to be present in their balance sheet for 2014: 1. $ 100 2. $ 2,000 3. $ 2 4. $ 1,900