They increase the productive capacity of the asset.

They primarily benefit the current accounting period.

They maintain the expected productive life of the asset.

They can be referred to as revenue expenditures.

Ending inventory would have been $120 lower.

Ending inventory would have been $120 higher.

Ending inventory is the same under both methods.

The difference cannot be determined using this information.

occurs when the actual bad debt write-offs are less that what was estimated.

occurs when the actual bad debt write-offs are greater than what was estimated.

cannot occur.

is the normal balance.

the customer must pay the bill within 10 days.

two sales returns can be made within 10 days of the invoice date and no returns thereafter.

the customer can deduct a 2% discount if the bill is paid between the 10th and 30th day from the invoice date.

the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.

financial controller.

mail room clerk.

internal auditor.

treasurer.

Deposits in transit.

Outstanding cheques.

Bank service charges.

EFT cash receipts.

to record the amount to be received and in which journal to record this amount.

where to record a revenue and the amount of revenue to record.

when to record a revenue and where to record this revenue.

when to record revenue and the amount of revenue to record.

A trial balance is useful in the preparation of financial statements.

It proves that the debits equal the credits after posting.

It proves that the company has recorded all transactions.

A trial balance uncovers errors in journalizing and posting.

$900.

$0.

$5,400.

$4,500.

the account has more debit entries than credit entries.

the amount of the credits exceeds the amount of the debits.

the amount of the debits exceeds the amount of the credits.

it is a liability account.