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NEW QUESTION: 1
Which of the following is/are true under accrual accounting?
I. Revenues are recognized when goods are delivered.
II. Revenues are recognized when cash is received.
III. Matching principle accounting is followed under accrual accounting.
IV. Cash outflows determine expense recognition.
A. I & III
B. III only
C. I, III & IV
D. I & IV
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Accrual accounting follows the Matching Principle, which requires that revenues and gains be recognized when earned and expenses and losses be recognized when incurred. Hence, revenue recognition is completely separate from cash flows. In the sales process, the earnings process is completed when goods are delivered and that's when revenue is recognized under accrual accounting.

NEW QUESTION: 2
___________ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.
A. Cash advances
B. counterfeit checks
C. Payable checks
D. Payable cash
Answer: A

NEW QUESTION: 3
USB 2.0 und welche der folgenden Ports haben denselben Anschluss?
A. USB 3.0
B. Micro USB 3.0
C. Mini-USB 2.0
D. Micro USB 2.0
Answer: A

NEW QUESTION: 4

A. Option E
B. Option C
C. Option A
D. Option B
E. Option D
Answer: B,C,E

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