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i usually dont need help with homework but i really need some help on these please if you can help answer these... i have them answered but skeptical with a few .
1. In a ledger, debit entries cause:
a. increases in owner's equity. decrease in liabilities, and increase in assets
b. decrease in liabilities, increase in assets, and decrease in owner's equity
c. decrease in assets, decreases in liabilities, and increases in owners equity
d. decreases in assets, increases in liabilities, and increases in owners equity
2. if your trial balance has a higher debit balance than credit balance, it siginifies
a. assets are more than liablities
b. a profit
c. a loss
d. an error has been made
3. the collection of an account receivable is recorded by a debit to cash and a credit to accounts payabale. if this error is not corrected:
a. total liabilities are understated
b. total assets are understated
c. total liabilities are overstated
d. owners equity is overstated
4. which statements is true about debits
a. debits always indicate a benefit to the company
b. debits awlays indicate a detriment to the company
c. debits always increase the net worth of a company
d. all three statements are false
5. the entry to record depreciation is an example of an adjusting entry:
a. to appportion a record cost
b. to apportion unearned revenue
c. to record unrecorded expenses
d. to record unrecorded revenue
6. Accumulated Depreciation is:
a. all the depreciation expense taken on an asset, to date
b. the remaining book value of an asset
c. the deppreciation expense taken on an asset during the current period
d. an expense on the income statement
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Austin10833 Posts
Are you serious right now?
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i am very serious right now sir.
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1.b
2.d
3.a
4.d
5.i think c
6. a
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On February 28 2009 14:56 mrgerry wrote:
1.b
2.d
3.a
4.d
5.i think c
6. a
hahaha totally wrong...
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Mos of this can be found of wikipedia in a few minutes.
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lol yea i know ive wiki'ed them but im still a little skeptical
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Austin10833 Posts
On February 28 2009 15:01 MetalMarine wrote:
lol yea i know ive wiki'ed them but im still a little skeptical
Well thanks for thinking of Teamliquid in your time of need. In the future, I suggest you ask someone to explain what you're trying to learn rather than feed you answers. I also suggest that if you decide on the inadvisable course of making another "Do My Homework" thread, you make it in your blog.
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lol man why u gotta be a jerk about it, its not doing my HW, I notice people getting HW help here all the time so i was just posting so i can double check my answers. ive answered 50 other questions already these were the ones i was skeptical about...
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Canada5652 Posts
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I think its this. Not sure for 2 and 5
1.b
2.d
3.c
4.d
5.c
6.a
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On February 28 2009 15:05 MetalMarine wrote:
lol man why u gotta be a jerk about it, its not doing my HW, I notice people getting HW help here all the time so i was just posting so i can double check my answers. ive answered 50 other questions already these were the ones i was skeptical about...
How can you have that many posts and not understand why you're in the wrong here?
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Austin10833 Posts
On February 28 2009 15:05 MetalMarine wrote:
lol man why u gotta be a jerk about it, its not doing my HW, I notice people getting HW help here all the time so i was just posting so i can double check my answers. ive answered 50 other questions already these were the ones i was skeptical about...
A jerk? I thought I was pretty civil about the whole thing. Restraint is the word I'd probably use. See, if I was being a jerk, I would've said something like this:
Listen up, jackass. Teamliquid isn't your personal homework concierge, your midnight schoolwork resource or your fleet of fools eager to provide the antidote to your laziness, stupidity or ignorance. Thank god everyone isn't as selfish and self-important as you are, or we'd have tons of neanderthal dopes asking for answers to entry-level shit every fucking day. How about you start listening in class, or read your god damned book, or learn to do what my 6 year old cousin can do, use google. You didn't even tell us what you thought the answers were, never mind provide any sort of thought process or reasoning that we might correct or guide. It was just copy->paste->HELP?
Have some fucking self respect.
That would be what a jerk would say.
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I think Brood covered all the bases here.
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EPT
