Which of the following would not be a correct form for an adjusting entry?
a. A debit to a revenue and a credit to a liability
b. A debit to an expense and a credit to a liability
c. A debit to a liability and a credit to a revenue
d. A debit to an asset and a credit to a liability
Ans: d. A debit to an asset and a credit to a liability
Business
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A perfect straight line sloping upward would produce a correlation coefficient value of +1
Indicate whether the statement is true or false
Business
The type of transaction most suitable for real-time processing is
a. recording fixed asset purchases b. recording interest earned on long-term bonds c. adjusting prepaid insurance d. recording a sale on account
Business