1. Which area of accounting aims at serving the needs of external users? A) Bookkeeping B) External auditing C) Management accounting D) Financial accounting 2. Which account appears on the After-Closing Trial Balance? A) Service revenue B) Share capital C) Dividends D) Insurance expense 3. Which of the following events is NOT a transaction that would be recorded in a company's accounting records? A) The purchase of equipment for cash B) The purchase of equipment on account C) The death of a key executive D) The investment of additional cash in the business by the owner 4. Which of the following statements regarding accounts is FALSE? A) An asset is increased by a debit and decreased by a credit B) Dividends are increased by credits and decreased by debits. C) A liability is decreased by a debit and increased by a credit D) Revenue is increased by a credit and an expense is increased by a debit