a transposition error is made . a journal entry is posted twice . incorrect accounts are used in journalizing . a transaction is not journalized . Multiple Choice Question 43
An accounting time period that is one year in length , but does not begin on January 1 , is referred to as
a fiscal year . an interim period . the time period assumption . a reporting period . Multiple Choice Question 87
Which of the following reflect the balances of prepayment accounts prior to adjustment ?
Balance sheet accounts are understated and income statement accounts are understated .
Balance sheet accounts are overstated and income statement accounts are overstated .
Balance sheet accounts are understated and income statement accounts are overstated .
Balance sheet accounts are overstated and income statement accounts are understated .
Multiple Choice Question 67