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A company purchases all goods on credit. The following payables ledger control account contains some errors: Payables ledger control account Debit $ Purchases 963,200 Discounts received 12,600 Contras with amounts receivable in receivables ledger 4,200 Closing balance 410,400 –––––––– 1,390,400 ———— Credit $ Opening balance 384,600 Cash paid to suppliers 988,400 Purchases returns 17,400 –––––––– 1,390,400 ———— What should the closing balance be when the errors have been corrected?
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An inexperienced bookkeeper has drawn up the following payables ledger control account, which contains errors: Payables ledger control account Debit Balances $ Credit Balances $ Opening balance(amounts owed to suppliers) 212,500 Purchases 447,000 Cash paid to suppliers 491,000 Discounts received 2,700 Purchases returns 7,600 Contras against receivables ledger 12,800 Refunds received from suppliers 3,200 Closing balance 251,800 714,300 714,300 What should the closing balance be after correcting the errors made in preparing the account?
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A payables ledger control account showed a credit balance of $856,460. The payables ledger balances totalled $871,260. Which of the following possible errors could account in full for the difference?
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Profit is equal to:
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Which financial statement will tell you how profitable a company is?
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Under the accrual method of accounting, expenses are recorded:
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Barbara Jackson is calling because she wanted to register her husband’s account to our Winter Promotion. She have Mr. Jackson’s member number. What procedure will you follow?
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Kimberly called claiming that she's from Training Department of Choice Corporate Office and she'll be conducting a training with you. She asked you to pull up her member number and asked you to go to the page where you'll be adjusting points. What procedure will you follow?
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Christian Grey called because he cannot access his wife’s account online. He is asking for his wife’s online username and password. What verification type will you use?
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Which PowerShell command can be used to create a new user?
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Which settings can be used to ensure users do not reuse the same password too often?
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Which setting can be used to set the number of failed logon tries that are allowed before a user account is locked out?
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Sample QuestionWhich PowerShell command can be used to create a new user?
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Sample QuestionThe greatest advantage of online banking is obviously convenience. I can access my account, check balances, pay bills and ___________ at any time and to anywhere.
See How you Compare to Overdraft Experts.Start Now!
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Time to open your Tanakh!
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Sample QuestionIn the first account of creation....
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Sample QuestionHow should you open a bank account?
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Sample QuestionYou take a RMD on transfers when the shareowner is over 70½, the account is not set to exclude the RMD and a RMD has not already been taken.
NOV/DEC 2014 PROFESSIONALISM & ETHICSPlease indicate whether each of the following statements is TRUE or FALSE
Questions: 10 | Attempts: 5
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Sample QuestionDesignated Roth accounts in a 401(k) Plan must be included in the “total account balance,” when calculating required minimum distributions under 401(a)(9) rules.
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Sample QuestionMedical Assistance needs to be checked on every P/F account while working in the WQ. True or False?
Quiz Description
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Sample QuestionPer payment type a separate batch needs to be set up.
Assess your knowledge of the Quality Assurance process as pertains to the AIG account.
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Sample QuestionWhen criminal searches are requested (CHOOSE ONE):
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Sample QuestionRegulation T applies to which of the following? a. Municipal securities b. Securities listed on a registered stock exchange c. Securities listed on Nasdaq d. U.S. Treasury
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Sample QuestionSunset Tours has a Rs.3,500 account receivable from Mohan. On January 20, Mohan makes a partial payment of Rs.2100 to Sunset Tours. The journal entry made on January 20 by Sunset Tours to record this transaction includes:
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Copyright 2011 by Lawson Products, Inc. All rights reserved.
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Sample QuestionWhat is the transaction code to Display a Document?
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Sample QuestionIdentify which of the following statements is true.
This program is a custom Xbox Live account creator!!! Please visit our wix.com/mistashizz/ptownprowlers and subscribe to our youtube page (youtube.com/PtownProwlers)!!! Donate to [email protected] or [email protected]
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Sample QuestionWhat Call of Duty games would you like to be 10th prestige in?
While travelling, you will seek room services and check into hotels. At the end of it, you will need to pay and settle your bills. In this quiz, we look at the different types of account settlement. Enjoy!
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Sample QuestionThe responsibility for collecting a direct billing lies with:
