Question

PLEASE HELP

1. Which of the following is not a core module of accounting?
Accounts receivable
Accounts payable
Debt collection
Purchase orders

2. What is a general ledger also known as?
A normal ledger
A nominal ledger
An enumerated ledger
None of the above

3. Which of the following is not one of the seven basic accounting categories?
Asset
Gains
Losses
Investment

Answer 1

These are all the answers to the test

1. Debt Collection

2. A nominal ledger

3. Investment

4. A trial balance

5. All of the above

6. Income Statement

7. Cash flow Statement

8. Snapshot

9. To show managers and investors whether the company made or lost money during the period being reported. 

Just took the Test and got a 100!

Answer 2

1. This is not a core module of accounting C. Debt Collection. Debt Collection falls under the Accounts Receivable accounting module.

In short, Debt Collection is a financial management practice and not an accounting module like Accounts Receivable, Accounts Payable, and Payroll.

Accounting modules are parts of the accounting information system.

2. A general ledger is a B. A nominal ledger.

The general ledger is not a specialized ledger like the Accounts Receivable and Accounts Payable Ledgers, also known as Subsidiary Ledgers.

3. This is not one of the seven basic accounting categories D. investment.

The seven basic accounting categories include assets, liabilities, equity, gains, losses, expenses, and income (revenue).

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