If a credit card sale is made, the seller debits Cash and credits Sales for the same amount.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Object-oriented modeling is based on the concepts of
A) objects and relationships. B) classes and objects. C) class and inheritance. D) objects and inheritance. E) classes and relationships.
On October 12 of the current year, a company determined that a customer's account receivable was uncollectible and that the account should be written off. Assuming the allowance method is used to account for bad debts, what effect will this write-off have on the company's net income and total assets?
A) Decrease in net income; no effect on total assets. B) No effect on net income; no effect on total assets. C) Decrease in net income; decrease in total assets. D) Increase in net income; no effect on total assets. E) No effect on net income; decrease in total assets.
Discuss the need for career planning throughout the life cycle and its relationship to financial planning. What are some of your own personal career goals?
What is/are the key(s) to changing thinking and behavior?
a. positive emotional attractor c. repetition of new behaviors b. supportive relationships d. all of these