Accounting 100 Milestone 1 With Questions And Answers

Document Content and Description Below

Accounting 100 Milestone 1 With Questions And Answers.You passed this Milestone 1 16 questions were answered correctly. 1 question was answered incorrectly. 1 The bookkeeper for Dr. Mark Scholz, D... VM, informed the veterinarian that the business' revenue for the day was $18,920. Which statement below best describes how the bookkeeper would record this?  $18,920 would be recorded on the credit side of the cash account.  $18,920 would be recorded on the credit side of the revenue account.  $18,920 would be recorded on the debit side of the purchases account.  $18,920 would be recorded on the debit side of the owner's equity account. CONCEPT Debit and Credit 2 Accounting has its roots in the 15th century, when which of the following groups of people used the double entry accounting system?  Italian merchants  Turkish craftsmen  Greek fishermen  Chinese traders CONCEPT Origins and Ethics [Show More]

Last updated: 10 months ago

Preview 1 out of 7 pages