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8 of 25 Which of the following is not part of the accounting process as it relates to information? O Reporting Understanding 9 of 25
8 of 25 Which of the following is not part of the accounting process as it relates to information? O Reporting Understanding 9 of 25 The total amount of debits must equal the total amount of credits. This is a rule of O the chart of accounts. O double entry accounting. O normal balances 10 of 25 The recording of depreciation is related to a(n) O deferred expense O deferred revenue O accrued expense. O accrued revenue. 11 of 25 Embezzlement usually involves the misappropriation of business information by an employee O liabilities by an employee equity by an employee. assets by an employee 12 of 25 Which of the following is a false statement? O Revenues provide inward fiows of assets. O Revenue is categorized as part of Retained Earnings. O Revenue is categorized as an asset. O Revenues are generated from the sale of goods and services
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