Multiple Attempts Not allow. This et canon Force Completion This test can be saved and resumed at any point until time has expired. The timer WC Your answers are saved automatically. Show Time Question Completion Status: QUESTION 1 Under what principle do we record expenses and revenues when they take place even if we did not pay or receive then in cash? accrual revenue recognition monetary unit generally accepted accounting principles QUESTION 3 A credit to a liability account indicates the promise to pay something has been paid. debit was made to an asset. a promise to pay something in the future has been made. decrease in the liability. QUESTION 8 Which of the following events is not recorded in the accounting records? The company pays a dividend to the owners. An employee is hired today who will start working from next month. O A cash investment is made into the business by the owner. Equipment is purchased on account