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Question: Look at the following financial ledger:

2007-03-03-00-00_files/i0230000.jpg

Which items listed on the ledger represent credits?

1. Credit bill and craft fair

b. Gift and online auction

c. Gift and insurance payment

d. Online auction and craft fair

Answer: b

Question:

Answer: c

Question:

Answer: d

Question:

Answer: a

Question:

Answer: d

Question:

Answer: d

Question:

Answer: a

Question: An expense is entered as a _____ in a financial ledger.

1. balance

b. credit

c. debit

d. savings

Answer: c

Question: Which of the following is least likely to be kept as part of one’s financial records?

1. A receipt for a dishwasher.

b. A receipt for groceries.

c. A receipt for taxes paid.

d. A receipt for insurance.

Answer: b

Question:

Answer: c