Anonymous
Anonymous asked in Business & FinanceOther - Business & Finance · 1 decade ago

Accounting help 10 pts!?

1.Which of the following transactions is recorded in the purchases journal?

a.purchase of store supplies on account

b.return of damaged office equipment

c.purchase of store supplies for cash

d.purchase of office equipment for cash

2.Which of the following transactions is recorded in the revenue journal?

a.sale of excess office equipment for cash

b.rendering services for cash

c.rendering services on account

d.sale of excess office equipment on account

3.The objectives of internal control are to

a.control the internal organization of the accounting department personnel and equipment

b.provide reasonable assurance that operations are managed to achieve goals, financial reports are accurate, and laws and regulations are complied with

c.prevent fraud, and promote the social interest of the company

d.provide control over "internal-use only" reports and employee internal conduct

2 Answers

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  • Sandy
    Lv 7
    1 decade ago
    Favorite Answer

    1.Which of the following transactions is recorded in the purchases journal?

    a.purchase of store supplies on account

    2.Which of the following transactions is recorded in the revenue journal?

    c.rendering services on account

    3.The objectives of internal control are to

    b.provide reasonable assurance that operations are managed to achieve goals, financial reports are accurate, and laws and regulations are complied with

  • Anonymous
    1 decade ago

    Instead of doing your homework, I will settle for two points.

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