Accounting Concepts, Principles and Procedures
Audit at the end of the year is known as:
Standard audit
Efficiency audit
Operational audit
Periodic or Final audit
Periodic or Final audit
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A. Activity based costing system
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A. labour union
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What is the normal balance for an expense account?
A. Credit
B. Debit
C. Contraliability
D. None of these
When revenue is greater than expenses, you have a ___?
A. Net Loss
B. Net Income
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D. Historical Valuation
In the term โBalance C/Dโ, what does โC/Dโ stand for?
A. caught down
B. carry down
C. carry does it
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One response to “Audit at the end of the year is known as:”
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Audit at the end of the year is known as:
Correct Answer: Final Audit
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