Principles of Accounting

SEC

CPA

CEOs

FASB

Practice Referencing

Posting Reference

Prepaid Receivables

Preparer’s Reference

sales mix allocation method

dual-rate cost-allocation method

single rate cost allocation method

quantity variance allocation method

Persons

All artificial and natural persons

Representative Personal Accounts

All of the above

Posting

Ledger

Special journal

Asset

Realization concept

Matching concept

Cost concept

Both (a) and (b)

Schedule of accounts payable

schedule of accounts receivable

Trial balance

Work sheet

Trial Balance will be not be tallied

Balance Sheet will not be tallied

Both trial balance & Balance Sheet will be tallied

None of these

Capital

Revenue

Expenses

Accounts Payable

Sold goods

Sold goods to a customer

Sold goods to a customer on credit

none of above