Which of the following is not a measurement issue in accouting a. when to record

ID: 2505664 • Letter: W

Question

Which of the following is not a measurement issue in accouting

a. when to record a business transaction

b. how to classify the items of a businesss transaction

c. when to classify the items of a business transaction

d. where to record a business transaction

Which of the following transaction results in an increase in revenues?

a. receipt of accounts receivable

b. purchase of inventory

c. receipt of principal from bank loan

d. delivery of a service in exchange for future payment

The matching rule is applied

a. because it is required by the Internal revenue Code

b. by expensing certain items immediately and in their entirety

c. to help make the bookkeeper's job easier

d. to help procuce an accurate measurement of company's performance

Which of the following is not a measurement issue in accouting

ANS] c. when to classify the items of a business transaction

Which of the following transaction results in an increase in revenues?

ANS] d. delivery of a service in exchange for future payment

The matching rule is applied

ANS] to help procuce an accurate measurement of company's performance

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