uop acc 290 new,uop acc 290 new,uop acc 290 new complete course,uop a UOP ACC 290 Final Description NEW | Page 5
accounting equation.
the amount of the debits must equal the amount of the credits.
Question 13
The usual sequence of steps in the transaction recording
process is
journalize, analyze, post to the ledger.
post to the ledger, journalize, analyze.
analyze, journalize, post to the ledger.
journalize, post to the ledger, analyze.
Question 14
Under the expense recognition principle expenses are
recognized when
they contribute to the production of revenue.
they are billed by the supplier.
they are paid.
the invoice is received.
Question 15
The revenue recognition principle dictates that revenue should
be recognized in the accounting records: