Study questions platform-wide or filter by specific tests with correct answers revealed.
In which of the following processes is the change in oxidation state equal to five?
Calculate the change in oxidation state for each:
- (A) C in C$_2$O$_4^{2-}$: $+3$; C in CO$_2$: $+4$. Change $= +1$ per C atom (2 C, so total = 2, but per atom = 1).
- (B) Mn in MnO$_4^-$: $+7$; Mn in Mn$^{2+}$: $+2$. Change $= 7 - 2 = \mathbf{5}$ ✓
- (C) Cr in Cr$_2$O$_7^{2-}$: $+6$; Cr in Cr$^{3+}$: $+3$. Change $= 3$ per Cr atom.
- (D) Cr in CrO$_4^{2-}$: $+6$; Cr in Cr$^{3+}$: $+3$. Change $= 3$.
The change of 5 occurs in the conversion $\text{MnO}_4^- \to \text{Mn}^{2+}$.
A business records a credit sale of Rs. 350 (no cash involved) using accrual accounting. How will this transaction be reflected in the financial statements?
Under accrual accounting, revenue is recognized when it is earned, not when cash is received. A credit sale of Rs. 350 means the business has earned the revenue, so it is recorded in the income statement as sales revenue. The receivable (Rs. 350) is recorded on the balance sheet as an asset, but the sale itself appears on the income statement. Cash-basis accounting would delay recognition until cash is received, but accrual accounting does not.
Sign in to join the conversation and share your thoughts.
Log In to Comment