Question 1

A _______________ is a list of all the accounts used by a company and their identification codes.

Accepted Answer

The answer of A _______________ is a list of all...

Question 2

___________________ is a promise of payment from customers to sellers.

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The answer of ___________________ is a promise of payment from...

Question 3

A ___________________________ gives a complete record of each transaction in one place and shows debits and credits for each transaction.

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The answer of A ___________________________ gives a complete record of...

Question 4

Unearned revenue is classified as _______________ that is satisfied by delivering products or services in the future.

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The answer of Unearned revenue is classified as _______________ that...

Question 5

Increases in assets are _______________,while increases in liabilities are _______________.

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The answer of Increases in assets are _______________,while increases in...

Question 6

The posting process is the link between the _______________ and the _____________.

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The answer of The posting process is the link between...

Question 7

An account format that is similar to a T-account in that it has columns for debits and credits,but that is different in that it has columns for transaction date,explanation and the account balance is the ___________________________________.

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The answer of An account format that is similar to...

Question 8

_______________ is the process of transferring journal entry information to the ledger.

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The answer of _______________ is the process of transferring journal...

Question 9

FastForward purchased $25,000 of equipment for cash.The Equipment asset account is _______________ for $25,000 and the cash account is _______________ for $25,000.

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The answer of FastForward purchased $25,000 of equipment for cash.The...

Question 10

A ___________________ is a record containing all accounts for a company along with their balances.

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The answer of A ___________________ is a record containing all...

Question 11

The difference between total debits and total credits for an account,including any beginning balance is the ________________________.

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The answer of The difference between total debits and total...

Question 12