Accounting I - 5

which one are markets where the demand for funds by businesses or institutions in need of funds meets the supply of funds by those who supply funds?

• real market

• financial market

which one are markets where goods and services and the factors of production used in the production of these goods and services are traded?

• real market

• financial market

which one is account group that is used to record securities held for temporary investments to earn interest, dividends, or benefit from price changes?

• liquid assets

• marketable securities

which one is marketable securities tpye that a share company providing the owner with a right to vote at shareholder meetings and to receive a part of the company profits as a dividend?

• coommon stock

• private sector bonds

• public sector bonds

• financial bonds

which one is marketable securities tpye that are debt instruments which are issued by companies to fulfill their financing needs.?

• coommon stock

• private sector bonds

• public sector bonds

• financial bonds

When common stock is purchased with cash; the journal entry would be:

• debit common stocks, credit cash

• debit cash, credit common stocks

• debit expense, credit common stocks

• debit expenses, credit interest revenue

When common stock is sold with cash; the journal entry would be:

• debit common stocks, credit cash

• debit cash, credit common stocks

• debit expense, credit common stocks

• debit expenses, credit interest revenue

if the purchase value is bigger than the sale value, which account is the difference between the purchase value and the sales value of the share certificates recorded?

• Marketable securities sales losses (-)

• Marketable securities sales profit

• common stock

• provision

if the sale value is bigger than the purchase value, which account is the difference between the purchase value and the sales value of the share certificates recorded?

• Marketable securities sales losses (-)

• Marketable securities sales profit

• common stock

• provision

Which account is the debit account in recording the difference between the purchase value and the market value of the stocks at the end of the period?

• Provision Expenses

• Marketable Securities Sales Profit

• Marketable Securities Sales Losses (-)

• other marketable securities