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Test Bank For Intermediate Accounting 15th Edition By Donald E.-Kieso

ISBN-10 ‏ : ‎ 1118147294
ISBN-13 ‏ : ‎ 978-1118147290
Publisher ‏ : ‎ John Wiley & Sons; 15th ed. edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

Original price was: $50.00.Current price is: $18.00.

SKU:TB000747

Test Bank For Intermediate Accounting 15th Edition By Donald E.-Kieso

CHAPTER 3

THE ACCOUNTING INFORMATION SYSTEM

IFRS questions are available at the end of this chapter.

TRUE/FALSE

Answer No. Description

F 1. Recording transactions.

T 2. Nominal accounts.

F 3. Real (permanent) accounts.

F 4. Internal event example.

F 5. Liability and stockholders’ equity accounts.

F 6. Debits and credits.

F 7. Steps in accounting cycle.

T 8. Purpose of trial balance.

T 9. General journal.

F 10. Posting and trial balance.

T 11. Adjusting entries for prepayments.

T 12. Example of accrued expense.

F 13. Book value of depreciable assets.

T 14. Reporting ending retained earnings.

F 15. Post-closing trial balance.

F 16. Posting closing entries.

T 17. Closing entries and Income Summary.

F *18. Accrual basis accounting.

F *19. Purpose of reversing entries.

F *20. Adjusted trial balance.

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