the following is an example of segment current year prior year college text book

ID: 2598950 • Letter: T

Question

the following is an example of

segment current year prior year

college text books 78000 25% 55000 18.9%

high school textbooks 129000 41.3% 115000 39.5%

Elementary school textbooks 105000 33..7% 121000 41.6%

total revenue 312000 100% 291000 100%

a product analysis

b vertical analysis

c horizontal analysis

d percentage analysis

when using a purchases journal

a all cash and credit purchases are recorded in the journal

b there will always be an "accounts payable cr" column

c the "other accounts" total is posted to accounts payable at month's end

d posting to creditor accounts is only done at the end of the month

which of the following general ledger accounts normally has a subsidiary ledger?

a accounts payable

b owner's capital

c supplies

d drawing

Ans)

1. Option (B) Vertical analysis

2. Option (B) there will always be an "accounts payable cr" column

3. Option (A) Accounts payable

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