An account is a part of the financial information system and is described by all of the following statements except:
A) An account has a debit and credit side.
B) An account is a source document.
C) An account may be part of a manual or a computerized accounting system.
D) An account has a title.
Correct Answer:
Verified
Q1: The double-entry system of accounting refers to
Q2: The chart of accounts is a special
Q4: Which of the following is not true
Q5: On June 1, 2021, Portugal Inc.reported a
Q6: After a business transaction has been analyzed
Q7: On June 1, 2021 Ted Leo buys
Q8: A number in the reference column in
Q9: Which of the following statements is false?
A)Revenues
Q10: At June 1, 2021, Coquehcot Industries had
Q11: A credit balance in a liability account
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