Which of the following is a source document that provides the evidence and data for accounting transactions?
A) Journal
B) Sales invoice
C) Ledger
D) Trial balance
B
You might also like to view...
The agents advise was for us to review the special travel packages, which appear on the Internet
What will be an ideal response?
How is the accounts receivable turnover ratio computed?
A. Cost of goods sold ÷ Inventory B. 365 days ÷ Net accounts receivable C. Sales ÷ Net accounts receivable D. Net accounts receivable ÷ Sales
Anna Conda Landscaping service received a bill for the utilities used during September. The bill will be paid in October. The journal entry to record the utility bill received is:
A. Debit Accounts Payable; Credit Cash B. Debit Cash; Credit Utilities Expense C. Debit Utilities Expense; Credit Accounts Payable D. Debit Utilities Expense; Credit Cash
In Todd v. Exxon Corp, where Exxon other oil companies hired a consultant to gather information about the salaries they paid professionals at the companies, and the information was used to help set salaries, the appeals court held the practice was:
a. illegal because there is a per se rule against sharing price information among competitors b. legal because improved price information helps produce better decisions in the market c. legal because the information was shared openly, so there could be no conspiracy d. legal because an outsider collected the information, not the firms themselves e. none of the other choices