Question: Please answer with reason why option is correct and why the other options are incorrect Please answer all 5. Which accounts are affected when a

Please answer with reason why option is correct and why the other options are incorrect

Please answer all

Please answer with reason why option is correct and why the other

5. Which accounts are affected when a purchase order for the purchase of inventory was prepared and saved? a. Inventory decrease, accounts payable decrease b. Inventory decrease, accounts payable increase c. Inventory increase, accounts payable decrease d. Inventory increase, accounts receivable decrease e. No subsidiary accounts are affected 6. Which of the following is not a transaction cycle that you would use in these materials? a. Inventory b. Human resources c. Sales and cash receipts d. Purchase and cash disbursements e. Payroll 7. Which document will be used to determine how many goods were shipped? a. Remittance advice b. Purchase order C. Bill of lading d. Receiving report e. None of the above 8. Which document will be used to see all the accounts a company may use to process transactions. a. General ledger b. Trial Balance c. Chart of accounts d. Subsidiary ledger e. Bank reconciliation

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