Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 13. the following entry is taken from the yournal.

13. The following entry is taken from the yournal...

90.2K

Verified Solution

Question

Accounting

image
13. The following entry is taken from the yournal of am Cost of Goods Sold Merchandise Inventory What is the effect of this entry on thve accounting A. Assets and equity will decrease. B. Assets will decrease and equity will increase C. Assets and equity will increase. D. None of these. reduces the 14. Which internal control procedure is the most important procedure that of employce fraud or theft if collusion is required to accomplish fraud or thet? A. Use of prenumbered documents. B. Physical controls. C. Fidelity (Employee) bonding D. Separation of duties

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

1. what is a virus? What are the causes of the common cold?

Medical Sciences
1.2K views

What does Boyle's law state about pressure and volume at a constant temperature and a constant...

Psychology
1.2K views

Identify an ethical challenge for each element (a-d) of Dr Lux advertising plan. Which General Principles...

Advance Math
1.2K views

Include an example of an appropriate matrix as you justify your responses to the following questions. Suppose...

Calculus
1.2K views

1287 Selective Laser Sintering The SLS machine needed the wall vibration damped out below 1...

Calculus
1.2K views

You just deposited $2,000 in a bank account that pays a 4.0% nominal interest rate,...

Calculus
1.2K views

Question The terminal side of angle intersects the unit circle in the first quadrant at...

Algebra
1.2K views

What is the LEADING COEFFICIENT of the function f x 2x 2x 5x 2 2...

Accounting
1.2K views

JPM Company engages in the following activities during 20X1: 1/1/20X1: JPM issues 10,000 shares of...

Accounting
1.2K views

Accounting
1.2K views

Question 8: On January 1, 2019, Western Manufacturing Corporation issued $3,000,000, 10%, 5-year bonds dated...

Accounting
1.2K views

A company does not need to journalize entries in order to construct the trial balance....