It provides a chronological record of business transactions and he to prevent or locate errors because the debit and credit amou compared. (A) Joumal C. Trial balance B. Ledger D. Balance sheet Which of the following lists all accounts and their balances and equality of debit and credit? A. Journal (C) Trial balance B. Ledger D. Balance sheet Iccounting time period that is one year in length is called: A. Interim year C. Calendar year B. Fiscal year D. Quarter year Which statement is NOT true about cash basis-accounting? A. Expenses are recorded when cash is paid. B. Revenues are recorded when cash is received. (C. Companies recognize revenues when they have performed (D) It is not in accordance with International Financial Reporting atching the expenses in the period when the company makes venues is known as principle. A. Revenue recognition B. Expense recognition C. Periodicity Assumption D. Depreciation is the process of allocating the cost of an asset to expense over (A) Revenue recognition principle B. Matching principle C. Periodicity Assumption D. Depreciation Page 2 of 6 It provides a chronological record of business transactions and he to prevent or locate errors because the debit and credit amou compared. (A) Joumal C. Trial balance B. Ledger D. Balance sheet Which of the following lists all accounts and their balances and equality of debit and credit? A. Journal (C) Trial balance B. Ledger D. Balance sheet Iccounting time period that is one year in length is called: A. Interim year C. Calendar year B. Fiscal year D. Quarter year Which statement is NOT true about cash basis-accounting? A. Expenses are recorded when cash is paid. B. Revenues are recorded when cash is received. (C. Companies recognize revenues when they have performed (D) It is not in accordance with International Financial Reporting atching the expenses in the period when the company makes venues is known as principle. A. Revenue recognition B. Expense recognition C. Periodicity Assumption D. Depreciation is the process of allocating the cost of an asset to expense over (A) Revenue recognition principle B. Matching principle C. Periodicity Assumption D. Depreciation Page 2 of 6