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910 A9 Which of the following best describes the accrual of interest? A) Assets and stockholders' equity decrease. B) Net income and expenses decrease. C)

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910

A9 Which of the following best describes the accrual of interest? A) Assets and stockholders' equity decrease. B) Net income and expenses decrease. C) Expenses and liabilities increase. D) Assets and liabilities decrease. PAPER CODE: ACC103/20-21/S1/Resit exam Page 3 of 7 Xi'an Jiaotong-Liverpool University *** A10 Which of the following is NOT a book of prime entry? A) Journal. B) General ledger. C) Sales returns daybook. D) Purchases daybook

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