Assets + Dividends + + Common Stock + Retained Earnings + Revenues.
Assets – Liabilities – Stock + Retained Earnings + Revenues – Expenses.
+ Expenses – Liabilities. Multiple Choice Question 133
A trial balance may balance even when each of the following occurs except when
a transposition error is made. a journal entry is posted twice. incorrect accounts are used in journalizing. 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?