The higher the accounts receivable turnover is, the faster receivables are being collected. 

The receivable that is usually resulted from sales of goods or service on credit or loans to individuals or companies is a(n)

Which account listed below is classified as a contra-asset account? 

In a perpetual inventory system, two entries usually are made to record each sales transaction. The purposes of these entries are best described as follows: 

At the end of an accounting period, the “cash balance per bank statement” on that date is usually the proper cash amount to show on the balance sheet.

The following are selected transactions of Clarksburg Stores:   July 20  Sold and shipped $80,000 merchandise on account to Patrick, Inc., terms 2/10, n/30. The cost of merchandise sold is $60,000. 28   Received a check from Patrick, Inc. for full settlement of the July 28 transaction.   Based on the information given, answer questions 9-10.   Which of the following journal entries correctly record the transaction on July 28?

The credit term 1/10, n/30 means: 

Using a perpetual inventory system, the buyer’s journal entry to record the payment within the discount period, includes a: 

The periodic inventory system differs from the perpetual inventory system:

A garden pea has 14 chromosomes. How many sister chromatids will garden pea cells have during G1 ?