What is the purpose of gathering system records?
A) To watch employee behavior for wrong doing
B) To gain an objective view of what an employee is doing
C) To match what the employee claims he does to what he is actually does
D) To have accurate information for a performance review
B
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Unearned Revenue was $2,400 at the end of May and $3,000 at the end of June. Service Revenue was $10,600 for the month of June. How much cash was received for services provided during June?
a. $10,000 b. $5,200 c. $11,200 d. $16,000
In a perpetual inventory system, which of the following are debit columns in a typical cash payments journal?
A) Merchandise Inventory column and Cash column B) Other Accounts column and Accounts Payable column C) Merchandise Inventory column and Accounts Payable column D) Other Accounts column and Cash column
Gross earnings minus deductions equal take-home pay
Indicate whether the statement is true or false
The best way to achieve your financial objectives is to:
A. have a luxurious standard of living. B. spend your money at once to reach your objectives swiftly. C. develop a sound financial plan. D. create a good tax deferment strategy. E. monitor your spending.