1.If an expense has been incurred but will be paid later, then: A.nothing is recorded on the financial statements.

B.a liability account is created or increased and an expense is recorded.

C.an asset account is decreased or eliminated and an expense is recorded.

D.a revenue and an expense are accrued. 2.Adjustments to revenue accounts at the end of the accounting period are made to adhere to accrual accounting principles, specifically the ______ principle. A.revenue recognition

B.expense recognition ("matching")

C.cost

D.contra-account 3.Which of the following is not one of the internal control functions performed by a cash register? A.Document the amount charged for each item sold

B.Perform the bank reconciliation

C.Restrict access to cash

D.Document the total cash sales