271203

A entry in an account, recording a payment received

• Credit

• Debit

• Income

Delayed or postponed until a later time

• Payable

• Defered

• Retained

The following sentence is true or false: The management is not responsible for monitoring the entire reporting process and promptly resolving problems

• True

• False

What is not a disadvantage of the balance sheet?

• Limited information on future performance

• Lack of context

• Omission of non-financial information

• Regulatory and legal compliance

What is fall in the value of the non- current assets over time?

• Current assets

• Fixed assets

• Depreciation

• Amortization

Total assets = Total liabilities + Total ..........

• Additional paid-in capital

• Total current assets

• shareholders' equity

• Total receivables

Why is creative accounting considered negative?

• Use all available accounting procedures and tricks

• Support investment

• Create false information

• Causing confusion about information

How to distinguish between accounting and auditing?

• Number of member

• Start time

• Form of work

• Salary received