Accounting

Page: 1 2 Page 1 of 1 metre Remaining: 1. (TCO A) Listed below are some discriminating information characteristics and chronicle normals and arrogances. Match the letter of individu all toldy with the allot 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 customary denominator of scotchal activity and provides an appropriate basis for accounting mensuration 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 compensable for them. 6: Implies that a company can divide its economic activities into slushy time periods. 7: Notes as part of demand information to a fair presentation. 8: Affairs of the business sector high-minded from those of its owners. 9: Economic activity can be determine with a particular social unit of accountability. 10: profit serve completed and realized or realizable.

: Historical greet principle : Going concern principle : Periodicity effrontery : dependability characteristic : Economic entity assumption : Monetary unit assumption : Revenue recognition principle : Full revelation 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 deficient 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 wide-eyed essay, fix it on our website: OrderCustomPaper.com

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