Principles of Accounting

Transaction

Narration

Monetary transaction

None of the above

Salary

Payroll taxes

Pay period

Payroll

Income statement

Capital stock

Retained earnings

Dividends

Journalizing

Proofing

Posting

Using Excel

An event

A transaction

A transaction as well as an event.

Neither a transaction nor an event.

Sold goods

Sold goods for cash

Sold goods to a customer for cash

Sold goods to a customer

What you know, like a password

What you have, like an ATM card

What you look like

All of the above

Capital

Unearned Revenue

Prepaid Revenue

Accounts Receivable

it has an end life

there is no specific act for joint venture

profit is ascertained only after the end of the specific venture

All of the above

decrease in asset

increase in liability

an entry on the left hand side of an account

moderate increase in liability