Accounting

Page: 1 2 Page 1 of 1 metre Remaining: 1. (TCO A) Listed below are some selective information characteristics and chronicle normals and arrogances. Match the letter of individu tout ensembley with the take into account phrase that states its application. (Points: 30) co-ordinated: Answer Potential Matches: : Consistency characteristic 1: insertion of error-free information with representational faithfulness. 2: Money is the ballpark denominator of scotchal activity and provides an appropriate basis for accounting standard and analysis. 3: Business enterprise assumed to have a considerable life. 4: Application of the same accounting doctrines as in the preceding year. 5: Valuing assets at amounts originally gainful for them. 6: Implies that a company can divide its economic activities into slushy time periods. 7: Notes as part of requirement information to a fair presentation . 8: Affairs of the clientele high-minded from those of its owners. 9: Economic activity can be determine with a particular building block of accountability. 10: clams serve completed and realized or realizable.

: Historical live principle : Going concern principle : Periodicity effrontery : dependability characteristic : Economic entity assumption : Monetary unit assumption : Revenue recognition principle : Full revealing principle : Economic entity assumption ! 2. (TCO B) Adjusting Entries: Unearned rent at 1/1/10 was $10,300 and at 12/31/10 was $6,000. The records indicate cash receipts from rental sources during 2010 amounted to $50,000, all of which was ascribe to the Unearned Rent Account. You are to prepare the lose adjusting entry. For each journal entry write Dr for debit and Cr for credit. (Points: 10) 3. (TCO B) Adjusting Entries: information relating to the balances of various accounts...If you want to get a skilful essay, fix it on our website: OrderCustomPaper.com

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