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A) Accrual basis of accounting B) Cash basis of accounting C) Revenue recognition principle D) Matching and cost recognition principles 2
A) Worksheet B) Working paper C) Income statement D) Balance sheet 3
A) Correcting entries B) Posting entries C) Journalizing D) Adjusting entries 4
A) Debit to sales B) Credit to Uncollectible account expense C) Credit to the allowance for doubtful account D) Debit to the allowance for doubtful account 5
A) Credit to salaries expense, debit to salaries payable B) Debit to salaries expense, credit to salaries payable C) Credit to salaries payable, debit to cash D) Debit to salaries payable, credit to cash 6
A) Credit to supplies expense, debit to supplies B) Debit to supplies expense, credit to supplies C) Credit to supplies, debit to cash D) Credit to supplies expense, debit to cash 7
A) Credit to prepaid interest, debit to interest expense B) Credit to cash, debit to interest expense C) Debit to prepaid interest, credit to cash D) Credit to interest expense, debit to notes payable 8
A) Asset B) Revenue C) Liability D) Owner's equity 9
A) Income Statement B) Balance Sheet C) Trial Balance D) Adjusted Trial Balance 10
A) Temporary accounts B) Assets and Liabilities C) Assets, Revenue, Liabilities D) Permanent accounts
2002 McGraw-Hill Higher Education