Accounting 1 Terms- AAMI Exam with Questions and Answers Accounting 2-AAMI Exam 1 with Questions and Answers AAMI Accounting 2 unit 5-6 Exam with Questions and Answers AAMI BUS 411: Accounting II Exam with Questions and Answers AAMI Accounting 2 Exam with Questions and Answers AAMI Accounting 1 Fin...
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AAMI Accounting 2 Final Exam with Questions and Answers The concept that prices rise over time ANSWER Inflation Another term for sales ANSWER Revenue Sales - Cost of Goods Sold ANSWER Gross Profit In an inflationary period what method of inventory valuation would lower profits ANSWER LIF...
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Add to cartAAMI Accounting 2 Final Exam with Questions and Answers The concept that prices rise over time ANSWER Inflation Another term for sales ANSWER Revenue Sales - Cost of Goods Sold ANSWER Gross Profit In an inflationary period what method of inventory valuation would lower profits ANSWER LIF...
AAMI Accounting 1 Final Review (Bus 311) Exam with Questions and Answers Account receivables are: ANSWER Assets Cash is considered to be: ANSWER Asset Which of the following is an example of a liability: ANSWER Accounts Payable True or False - The expanded accounting equation is: Assets ...
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Add to cartAAMI Accounting 1 Final Review (Bus 311) Exam with Questions and Answers Account receivables are: ANSWER Assets Cash is considered to be: ANSWER Asset Which of the following is an example of a liability: ANSWER Accounts Payable True or False - The expanded accounting equation is: Assets ...
AAMI Accounting 2 Exam with Questions and Answers Total Units Cost divided Total Cost equals ANSWER Unit Value Total Units available for sale equals ANSWER Beginning Inventory + all purchases FIFO ANSWER First In Last Out LIFO ANSWER Last In First Out CGS ANSWER Cost of Goods Sold ...
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Add to cartAAMI Accounting 2 Exam with Questions and Answers Total Units Cost divided Total Cost equals ANSWER Unit Value Total Units available for sale equals ANSWER Beginning Inventory + all purchases FIFO ANSWER First In Last Out LIFO ANSWER Last In First Out CGS ANSWER Cost of Goods Sold ...
AAMI BUS 411: Accounting II Exam with Questions and Answers Income Summary Account gets closed to: ANSWER Capital. What account would you NOT find in a post closing trial balance? ANSWER Postage Costs. The Capital Account gets closed to: ANSWER It doesn't get closed. When closing Revenu...
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Add to cartAAMI BUS 411: Accounting II Exam with Questions and Answers Income Summary Account gets closed to: ANSWER Capital. What account would you NOT find in a post closing trial balance? ANSWER Postage Costs. The Capital Account gets closed to: ANSWER It doesn't get closed. When closing Revenu...
AAMI Accounting 2 unit 5-6 Exam with Questions and Answers Ledger ANSWER Is a record that contains all accounts. Journal ANSWER Is the chronological record of all transactions that occur in a business. General Journal ANSWER This is used to record transactions for which there is NO special ...
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Add to cartAAMI Accounting 2 unit 5-6 Exam with Questions and Answers Ledger ANSWER Is a record that contains all accounts. Journal ANSWER Is the chronological record of all transactions that occur in a business. General Journal ANSWER This is used to record transactions for which there is NO special ...
AAMI Accounting One, AAMI Accounting Two Exam with Questions and Answers How do you increase an asset account? ANSWER Debit How do you decrease an asset account? ANSWER Credit How do you increase a liability account? ANSWER Credit How do you decrease a liability account? ANSWER debit ...
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Add to cartAAMI Accounting One, AAMI Accounting Two Exam with Questions and Answers How do you increase an asset account? ANSWER Debit How do you decrease an asset account? ANSWER Credit How do you increase a liability account? ANSWER Credit How do you decrease a liability account? ANSWER debit ...
Accounting 2-AAMI Exam 1 with Questions and Answers Form used to complete the net income or net loss and to plan the preparation of financial statements ANSWER Worksheet Provide the figures needed to determine the results of operations and the financial position of the business ANSWER Journali...
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Add to cartAccounting 2-AAMI Exam 1 with Questions and Answers Form used to complete the net income or net loss and to plan the preparation of financial statements ANSWER Worksheet Provide the figures needed to determine the results of operations and the financial position of the business ANSWER Journali...
Accounting 1 Terms- AAMI Exam with Questions and Answers Account ANSWER a device for recording the changes (increases or decreases) in the fundamental accounting elements. Accountant ANSWER one who is concerned with the design of the system of records, the preparation of reports based upon the...
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Add to cartAccounting 1 Terms- AAMI Exam with Questions and Answers Account ANSWER a device for recording the changes (increases or decreases) in the fundamental accounting elements. Accountant ANSWER one who is concerned with the design of the system of records, the preparation of reports based upon the...
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