Question 21 Which type of account would not be reported on the balance sheet? An

Question

Question 21


Which type of account would not be reported on the balance sheet?
Answer
a.Revenue
b.Accounts Receivable
c.Cash
d.Accounts Payable

Question 22


A debit to an expense account was posted to a revenue account. This error would cause:
Answer
a.assets to be overstated.
b.Revenue to be understated.
c.liabilities to be overstated.
d.None of the above are correct.


Question 23


Which of the following types of accounts has a normal debit balance?
Answer
a.Expenses
b.Assets
c.Withdrawals
d.All of these answers are correct.


Question 24


A credit to an asset account was posted to the Capital account. This error would cause:
Answer
a.assets to be overstated.
b.Capital to be understated.
c.liabilities to be overstated.
d.Both A and C are correct.

Question 25


Which type of account would not be reported on the income statement?
Answer
a.Expenses
b.Revenue
c.Withdrawals
d.None of these answers are correct.

Please help me with these problems the soon as possible

Explanation / Answer

Which type of account would not be reported on the balance sheet? Answer a.Revenue Question 22 A debit to an expense account was posted to a revenue account. This error would cause: Answer b.Revenue to be understated. Question 23 Which of the following types of accounts has a normal debit balance? Answer d.All of these answers are correct. Question 24 A credit to an asset account was posted to the Capital account. This error would cause: Answer d.Both A and C are correct. Question 25 Which type of account would not be reported on the income statement? Answer d.None of these answers are correct.

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