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提问人：网友z1ling2 发布时间：2022-01-07

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Tin Co purchases $250 worth of metal from Steel Co. Tin Co agrees to pay Steel Co in 60 days time. What is the double entry to record the purchase in Steel Co’s books？

A、Debit sales $250, credit receivables $250

B、Debit purchases $250, credit payables $250

C、Debit receivables $250, credit sales $250

D、Debit payables $250, credit purchases $250

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更多“Tin Co purchases $250 worth of metal from Steel Co. Tin Co agrees to pay Steel Co in 60 days time. W…”相关的问题

第1题

A business sells $100 worth of goods to a customer, the customer pays $50 in cash immediately and will pay the remaining $50 in 30 days' time. What is the double entry to record the purchase in the customer’s accounting records?

A、Debit cash $50, credit payables $50, credit purchases $50

B、Debit payables $50, debit cash $50, credit purchases $100

C、Debit purchases $100, credit payables $50, credit cash $50

D、Debit purchases $100, credit cash $100

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第2题

Smith Co has the following transactions: 1. Purchase of goods on credit from T Rader: $450 2. Return of goods purchased on credit last month to T Rouble: $700 What are the correct ledger entries to record these transactions?

A、Dr Purchases $450 Dr Purchase Returns $700 Cr Cash $450 Cr Trade Payables $700

B、Dr Purchases $450 Dr Trade Payables $700 Cr Purchase Returns $1,150

C、Dr Purchases $450 Dr Trade Payables $250 Cr Purchase Returns $700

D、、 Dr Purchase Returns $700 Dr Purchases $450 Cr Trade Payables $1,150

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第3题

Which of the following statements is correct?

A、Assets and liabilities have the credit balances

B、Assets and expenses have the debit balances

C、Revenue and liabilities have the credit balance

D、Capital and liabilities have the credit balance

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第4题

When the revenue increase, the revenue account should be credited.

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第5题

When the assets increase, the asset account should be credit.

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第6题

The left-side of the account is referred to as the ____ side.

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第7题

The assets， expenses are presented on the statement of financial position.

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第8题

A company’s trade payables account at 30 September 20X1 is as follows: Trade Payables Account Cash at bank 21,600 Balance b/d 14,000 Balance c/d 11,900 Purchases 19,500 33,500 33,500 What was the balance for trade payables in the trial balance at 1 October 20X0?

A、$14,000 DR

B、$14,000 CR

C、$11,900 DR

D、$11,900 CR

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第9题

A company’s motor vehicles at cost account at 30 June 20X6 is as follows: Motor Vehicles - Cost Balance b/d 150,500 Disposal 85,000 Additions 120,950 Balance c/d 186,450 271,450 271,450 What opening balance should be included in the following period’s trial balance for motor vehicles – cost at 1 July 20X6?

A、$271,450 DR

B、. $271,450 DR

C、$186,450 CR

D、$186,450 DR

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第10题

You are given the following information: Receivables at 1 January 20X3 $10,000 Receivables at 31 December 20X3 $9,000 Total receipts during 20X3 (including cash sales of $5,000) $85,000 What are sales on credit during 20X3?

A、$81,000

B、$86,000

C、$79,000

D、$84,000

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