a transaction is not journalized.
Multiple Choice Question 43
An accounting time period that is one year in length, but does not
begin on January 1, is referred to as
a fiscal year.
an interim period.
the time period assumption.
a reporting period.
Multiple Choice Question 87
Which of the following reflect the balances of prepayment accounts
prior to adjustment?
Balance sheet accounts are understated and income statement
accounts are understated.
Balance sheet accounts are overstated and income statement accounts
are overstated.
Balance sheet accounts are understated and income statement
accounts are overstated.
Balance sheet accounts are overstated and income statement accounts
are understated.
Multiple Choice Question 67
Crue Company had the following transactions during 2013:
• Sales of $4,500 on account
• Collected $2,000 for services to be performed in 2014