Knowee
Questions
Features
Study Tools

Which of the following is the contra account for cash books?Group of answer choicesA. Purchases accountB. Bank accountC. Sales accountD. Balance sheet

Question

Which of the following is the contra account for cash books?Group of answer choicesA. Purchases accountB. Bank accountC. Sales accountD. Balance sheet
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

Para responder a la pregunta, primero debemos entender qué es una cuenta contra. Una cuenta contra es una cuenta que se utiliza para reducir el saldo de otra cuenta relacionada. En el caso de los libros de caja, la cuenta contra sería aquella que se utiliza para registrar las transacciones opuestas Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  

This problem has been solved

Similar Questions

Net profit is calculated in which of the following account?A) Profit and loss accountB) Balance sheetC) Trial balanceD) Trading account

Sales is a(n) (expense/revenue/asset) account and is reported on the (income/balance) (statement/sheet).

Prepare Trading and Profit & Loss Account and Balance Sheet from the followingTrial Balance

True/False? Contra Assets are reported on the Balance Sheet as positive amounts that increase total assets.Group of answer choicesTrueFalse

Beginning inventory plus net purchases is:Multiple ChoiceCost of goods sold.Merchandise available for sale.Ending inventory.Sales.Shown on the balance sheet.

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.