A) What is an example of an end-of-year adjusting entry for a no-cash transaction?

Select an answer:

the gradual use of prepaid rent or prepaid insurance

the gradual accumulation of interest on loans

the gradual change in a business event during the year

B) How are real and nominal accounts different in terms of the financial statements they are recorded on?

Select an answer:

Real accounts are recorded on the Balance Sheet, while nominal accounts are recorded on the Income Statement.

Real accounts are recorded on the Income Statement, while nominal accounts are recorded on the Balance Sheet.

Real accounts are recorded on the Statement of Cash Flows, while nominal accounts are recorded in the ledger.

C) Which process is used to avoid transposition errors or transactions not being recorded at all?

Select an answer:

internal auditing

internal controls

external auditing

D) Which individuals generally see a trial balance?

Select an answer:

the accountants who prepare them

external stakeholders

senior-level management

E) The account you are working in has subcategories for Expenses and Dividends on one side and Revenues on the other side. Which account are you in?

Select an answer:

Assets

Owner's Equity

Liabilities

please answer all the questions, no explantion is needed, thank you :)