Which accounting assumption(s) is/are set aside when an entity goes into liquidation? a. Conservatism assumption b. Going concern assumption c. Materiality assumption d. Monetary assumption e Entity assumption A chronological record of all the transactions of an entity is provided in the: a. Journal b. Worksheet c. Balance Sheet d. Statement of Changes in Equity e. Income Statement In comparing the operation of a manual accounting system with a computerised system, which of the following steps in the Accounting cycle does not occur automatically in a computerised system? a. Journalise transactions b. Prepare to trial balance c. Prepare closing entries d. Post to ledger accounts e. Prepare financial reports Which of the following is not an enhancing Qualitative Characteristic: a. Verifiability b. Comparability c. Understandability d. Materiality e. Timeliness