Allofthefollowingstatementsaretrueexceptone.Whichstatementisfalse?
Accrualaccountingproducesbetterinformationthancash-basisaccounting.
B. Adjustingentriesarerequiredforabusinessthatusesthecashbasis.
C. Thematchingprincipledirectsaccountantstoidentifyandmeasureallexpensesincurredanddeductthemfromrevenueearnedduringthesameperiod.
D. AfiscalyearendsonsomedateotherthanDecember31.
查看答案
TheaccountUnearnedRevenueisa(n)
A. asset
B. liability
C. revenue
D. expense
Adjustingentries:
A. areneededtomeasuretheperiod’snetincomeornetloss.
B. updatetheaccounts.
C. donotdebitorcreditcash.
D. alloftheabove.
Anadjustingentrythatdebitsanexpenseandcreditsarelatedliabilityis ________
A. prepaidexpense
B. depreciationexpense
C. accruedexpense
D. cashexpense
Whichofthefollowingaccountsisnotclosedout?
A. Retainedearnings
B. Depreciationexpense
C. Dividends
D. Interestrevenue
微信支付 
支付宝支付