Q1. Which of the following is the least likely to be considered an accrual for accounting purposes? A) Wages payable. B) Unearned revenue. C) Accumulated depreciation.
Q2. Accruals are best described as requiring an accounting entry: A) when an expense has been incurred. B) only when a good or service has been provided. C) when the earliest event in a transaction occurs.
Q3. An accounting entry that updates the historical cost of an asset to current market levels is best described as: A) a valuation adjustment. B) a contra account. C) accumulated depreciation.
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发表于 2009-1-16 09:40
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