7

Home  My courses  BUS 1102 - AY2020-T5  Final Exam (Days 1 - 4)  Final Exam

Question 11 Answer saved Marked out of 1.00

Sidney Smart had expenses of $900 in June which she paid in July. She declared
these expenses on her June income statement. By doing this she is following the
accounting principle of:

Select one:

a. Revenue realization

b. Adequate disclosure

c. Matching

d. Conservatism

Clear my choice

Question 12 Answer saved Marked out of 1.00

The matching principle is best demonstrated by:

Select one:

a. Using debits to record decreases in owners' equity and credits to record increases.

b. The equation A = L + OE.

c. Recording the cost of goods sold in the same period as the sale.

d. O setting the cash receipts of the period with the cash payments made during the
period.

Clear my choice