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Top Acct Flashcards

Acct Exam 3 Flashcards

Cards: 22| Attempts: 13| Last updated: Aug 10, 2020

Claims For Which Formal Instruments Of Credit...

Notes Receivable.

Under The Direct Write-off Method Of Accounti...

When An Account Is Determined To Be Uncollect...

Allowance For Doubtful Accounts On The Balanc...

Is Offset Against Accounts Receivable.

Writing Off An Uncollectible Account Under Th...

Allowance For Doubtful Accounts.

Cards: 21| Attempts: 5| Last updated: Sep 22, 2015

&nb...

Example For Card 2

The Net Income (or Loss) For The Period Is...

24000 Loss

A Post-closing Trial Balance Will Show...

Only Balance Sheet Accounts

Company Received A 840 Check From A Customer ...

Debit Cash, 360 And Service Revenue, 480; Cre...

Acct 2401------

Cards: 347| Attempts: 0| Last updated: Sep 18, 2015

1) What Is The Expanded Accou...

Assets=Liabilities+Common Stock+Ret...

2) Where Does Accumulated Dep...

As A Credit (+) And As A Contra Ass...

3) Where Is Accumulated Depre...

Credit ( + ) Side: As A Contra Asse...

4) Under Assets In The Expand...

Debit Is Negative, Credit Is Positi...

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