6) The concept that requires that accountants record amortization expense on equi a. b. c. d. Cost principle. Time-period assumption. Recognition criteria for revenue. Matching objective. 7) The concept that requires that accountants accrue wage expense at the end of the accounting period for unpaid wages is the: a. Cost principle. b. Time-period assumption. C. Recognition criteria for revenue. d. Matching objective 8) Customers' individual accounts included in a subsidiary ledger are said to be controlled by the Accounts Receivable account in the: a. accounts payable ledger b. accounts receivable ledger. c, controlling ledger. d. general ledger e. None of the above are correct 9) Cost of goods sold plus ending inventory equals: a. net purchases. b. cost of goods available for sale. c. Credit to accounts payable d. gross margin. e. gross profit. 10) Which of the following is not one of the purposes of internal control? a. to encourage employees to follow company policy b. to safeguard the company's assets c. to guarantee that a business makes a profit d. to ensure accurate, reliable accounting records 11) Amounts are posted individually from the purchases journal to the: a. cash account in the general ledger b. inventory account in the general ledger. c. accounts payable account in the general ledger. d. accounts payable subsidiary ledger. e. none of the above are correct