Financial-Accounting-Accounts-fundamentals -v2

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					              Sub: Accounts                                                             Topic: Financial Accounting

              Question:

              Multiple choice questions in Accounts fundamentals.

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              1. The matching rule relates to credit losses by stating that bad debt expense should be
              recorded
              a. in the same period as allowed for tax purposes.
              b. for an exact amount.
              c. in the period of the sale.
              d. in the period of the loss.
              Answer: C


              2. Long-term creditors are usually MOST interested in evaluating
              a. solvency.
              b. liquidity.
              c. marketability.
              d. profitability.
              Answer: D


				
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Description: Multiple choice questions in Accounts fundamentals
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