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 ?