Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which of the following is a way to withdraw money from your checking account?

Depositing cash

Earning interest

Writing a check

Receiving a direct deposit

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Verified step by step guidance

Understand the concept of a checking account: A checking account is a type of bank account that allows you to deposit and withdraw money easily for daily transactions.

Review the options provided in the problem: Depositing cash, earning interest, writing a check, and receiving a direct deposit.

Analyze each option: Depositing cash adds money to your account, earning interest increases your balance over time, and receiving a direct deposit also adds funds to your account. These are not methods of withdrawing money.

Focus on the correct option: Writing a check is a method of withdrawing money from your checking account because it authorizes the bank to transfer funds from your account to the payee.

Conclude that writing a check is the correct answer, as it directly involves withdrawing money from your checking account.