Question 22. Question: Which of the following identifies the proper order of the accounting cycle?
Balance
Analyze, Journalize, Unadjusted Trial
Analyze, Post, Unadjusted Trial Balance Journalize, Post, Adjusted Trial Balance
Balance, Close
Financial Statements
Unadjusted Trial Balance, Adjusted Trial
Adjusted Trial Balance, Adjustments,
Question 23. Question: The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is:
Cash basis accounting The matching principle The time period principle Accrual basis accounting Revenue basis accounting
Question 22. Question: Which of the following identifies the proper order of the accounting cycle?
Balance
Analyze, Journalize, Unadjusted Trial
Analyze, Post, Unadjusted Trial Balance Journalize, Post, Adjusted Trial Balance
Balance, Close
Financial Statements
Unadjusted Trial Balance, Adjusted Trial
Adjusted Trial Balance, Adjustments,
Question 23. Question: The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is:
Cash basis accounting The matching principle The time period principle Accrual basis accounting Revenue basis accounting