6. A. Which of the following is least likely to be a user of a business's financial information? Taxing authorities B. Customers C. Creditors D. Investors 7. Which sequence correctly summarizes the accounting process? A. Journalize transactions, post to the accounts, prepare a trial balance B. Journalize transactions, prepare a trial balance, post to the accounts c. Post to the accounts, journalize transactions, prepare a trial balance D. Prepare a trial balance, journalize transactions, post to the accounts 8. Posting a RM 2,500 purchase of supplies on account appears as follows: A. Cash Supplies 12,500 2,500 B. Supplies Accounts payable 2,500 2,500 1 C. Supplies Accounts receivable 2,500 1 | 2,500 D. Supplies Accounts payable 2,500 | 2,500 9. Pixel Photocopy Sdn Bhd recorded a cash collection on account by debiting Cash and crediting Accounts payable. What will the trial balance show for this error? A. Too much for cash B. Too much for liabilities c. Too much for expenses D. The trial balance will not balance 10. The revenue recognition principle says A. divide time into annual periods to measure revenue properly. B. record revenue only after you have earned it. c. measure revenues and expenses in order to compute net income. D. record revenue after you receive cash. (CLO1:PLO4:04 / CLO1:PLO12:C4)