Accounting Quiz Questions and Answers: Recording Process debit and credit

Accounting Quiz Questions and Answers: Accounting Quiz or Test Your Knowledge on The Recording Process. Refresh or test your accounting knowledge by answering the questions in the video
#Accounting#AccountingQuiz#AccountingPracticeExam

[eddiemagaya]

Hi, please advice on Question 10, a cash advancement from customer, is suppose to be regarded as a prepayment, therefore its a liability . Yes an asset cash has increased, but since its an advance, it is therefore a prepayment ( unearned revenue), therefore a liability.

[omozeaugustaoboh]

Hi. I love you quiz videos. They are really relaxing 😊

[mimiwmichael]

Thanks so much very good question 👍👍👍😍😍😍

[sondoselgendy]

Hi, can you explain why in question 9 you chose the transaction recorded must affect two or more accounts

[sultee]

Agricultural economics question Please 🙏

[Mdtajuddin]

Good job, But what is the need of this kind of loud music how one can concentrate on the questions.

[KanakAgarwal]

If credit balance so debit exceeds the credit na

[MahletBirhanu-eq]

selam and tiyakea lamatayaki nbr budget lay budget surplus ena.buget deficit endet.nw minaskamitew malt asararun bitasradag

[sultee]

Agricultural economics question Please 🙏