Which one of the following is not a nominal account? A. purchases account B. sales account C. salaries account D. cash account
Which one of the following is not a nominal account? A. purchases account B. sales account C. salaries account D. cash account
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter4: Journalizing And Posting Transactions
Section: Chapter Questions
Problem 2RQ: Name a source document that provides information about each of the following types of business...
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Which one of the following is not a nominal account?
A. purchases account
B. sales account
C. salaries account
D. cash account
Which one of the following is a characteristic of a valid business transaction?
A. It is an event measurable in terms of money
B. It affects the financial position of the business
C. It should be supported by a source document
D. All of the above
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