When purchasing inventory, which document usually triggers the recording of a liability?
a. purchase requisition
b. purchase order
c. receiving report
d. supplier's invoice
D
Business
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If a debit to Supplies were posted as a credit, and a credit of the same amount to Cash were posted as a debit, what would be the effect, if any, on the two accounts and on the trial balance column totals?
Business
When a company earns revenue before it receives cash, the company should always increase the ________ account
a. Goodwill b. Cash c. Receivable d. Common Stock
Business
A group's demographics includes information about age, sex, and income, for example
Indicate whether the statement is true or false
Business
LinkedIn specializes in social networking for businesses and recruiters. Which of the five generic strategies is LinkedIn employing?
What will be an ideal response?
Business