just choose the abswer no need to explain thanks MULTIPLE CHOICE QUESTIONSUnder which category are gift certificates issued by a restaurant reportedin the balance sheet? *other assetscurrent liabilitiesO current assetsinvestmentsWhat business record shows the results of the proprietorship's borrowingassets from the business, usually anticipation of profits? *O Proprietor's CapitalProprietor's WithdrawalsProprietor's AssetsProprietor's Investment What are the two main parts of the body of the income statement knownas? *ExpensesLiabilitiesCapitalRevenueAssetsAn advance payment for a hotel room by a customer is reported in thebalance sheet under: *current liabilitiesO long term liabilitiesother assetscurrent assets

Current Liabilities: Current liabilities are financial commitments owed by a firm that are due…

Answered: Under which category are gift…

Under which category are gift certificates issued by a restaurant reported in the balance sheet? * other assets current liabilities current assets investments

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.

Question

just choose the abswer no need to explain thanks

What are the two main parts of the body of the income statement known
as? *
Expenses
Liabilities
Capital
Revenue
Assets
An advance payment for a hotel room by a customer is reported in the
balance sheet under: *
current liabilities
O long term liabilities
other assets
current assets

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