Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 4 Adjusting Accounts for Financial Statement Self-Test Answer the following questions 1. what is an accrued revenue? Give an example 2. what is the difference between the cash basis and accrual basis of

Task Team of FUNDAMENTAL ACCOUntING Lesson 4 Adjusting Accounts for Financial Statement Exercise David Company has the following information at the year-end for the preparation of adjusting Of the $10000 balance in unearned revenue. $7000 has been earned

ask Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University L 3 Analyzing and recording Accounting transactions Self-Test Multiple choices 1. The term credit means. A. to increase

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University L 3 Analyzing and Recording Accounting Transactions Exercises 1. Identify the effects, if any, of each of the following items of information on assets

hool of Business, Sun Y at-sen University L 2 Economic Transactions and Accounting Equation Self-Test Multiple choices 1. The ownership structure of a business includes the following forms

hool of Business, Sun Y at-sen University L 2 Economic Transactions and Accounting equation Exercises 1. Lion Company had a net cash inflow of $80,000 from operating activi

Introduction to Accounting Self-Test True and False Questions: 1. Economic interest maximization and risk aversion are two characteristics of an economic man

hool of Business, Sun Y at-sen University Lesson 1 Introduction to Accounting Exercise Short Answer questions 1. Please elaborate the term of efficient market 2. Please elaborate the terms of ethical man, economic man, rational economic

Part I: Fill-In-The-Blanks(10\2=20 points) 1. The branch of accounting which aims at serving external users is called accounting 2. A credit entry decreases asset and accounts or increases liabi owner's equity, and revenue accounts

Part I: Fill-In-The-Blanks(10\2=20 points is a collection of all accounts used by a business 2. All cash payments by check are recorded in the 3. Revenue and expense accounts are called because they are opened