Multiple Choice Questions - Accounts Fundmentals

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Multiple Choice Questions -  Accounts Fundmentals Powered By Docstoc
					              Sub: Accounts                           Topic: Business and Accounts Fundmentals



              Question:
               Multiple Choice Questions

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              1. BR, Incorporated, a corporation, pays $4,000 in dividends. This $4,000 payment will:
                     a. Increase the Cash account.
                     b. Increase the Dividends account.
                     c. Increase the Capital Stock account.
                     d. Decrease the Capital Stock account.

                        Answer: B. Increase the Dividends account.


              2. BR, Incorporated, a corporation, pays $4,000 in dividends. This $4,000 payment will be
              recorded as a:
                     a. Dividends: Credit; Cash: Debit
                     b. Dividends: Debit; Cash: Credit
                     c. Dividends: No effect; Cash: No effect
                     d. Dividends: Debit; Cash: No effect

                        Answer: B. Dividends: Debit; Cash: Credit

              3. BR, Incorporated, a corporation, has a $100,000 Capital Stock bala
				
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Description: Multiple Choice Questions.
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