What is the purpose of a non-posting account?
A) To calculate income.
B) To track information necessary for the accounting system.
C) To calculate expenses.
D) To identify owner's equity.
Correct Answer:
Verified
Q1: Non-posting accounts:
A)Track information required for the accounting
Q2: What are assets?
A)Net worth of a company
B)Resources
Q4: To add a new account to the
Q5: Which of the following is not considered
Q6: Which of the following is a temporary
Q7: Income Statement accounts are also called:
A)Equity accounts
B)Permanent
Q8: To re-sort the Chart of Accounts,first display
Q9: A company's office furniture is classified as
Q10: The different types of business ownership are:
A)Sole
Q11: Balance Sheet accounts are also called:
A)Permanent accounts
B)Temporary
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