Acct 211 quiz 1 - Study guides, Class notes & Summaries

ACCT 211 Quiz 1 with verified solutions graded A+Accounting is also known as... - correct answer The language of business Accounting - correct answer An information system and measurement system that identifies, records, and communicates information about an organization's business activities Managerial Accounting - correct answer Area of accounting aimed mainly at serving the decision-making needs of internal users; also called the management accounting Ethics - correct answer beliefs...

ACCT 211 Quiz 1Accounting is also known as... - correct answer The language of business Accounting - correct answer An information system and measurement system that identifies, records, and communicates information about an organization's business activities Managerial Accounting - correct answer Area of accounting aimed mainly at serving the decision-making needs of internal users; also called the management accounting Ethics - correct answer beliefs that distinguish right from wrong...

ACCT 211 Quiz 1 Liberty university Question and answers verified to passACCT 211 Quiz 1 Accounting is also known as... - correct answer The language of business Accounting - correct answer An information system and measurement system that identifies, records, and communicates information about an organization's business activities Managerial Accounting - correct answer Area of accounting aimed mainly at serving the decision-making needs of internal users; also called the management ...

Acct 211 Quiz #1 questions with correct answers graded A+Measurement Principle - correct answer (also called the cost principle) means that accounting information is based on actual cost Revenue Recognition Principle - correct answer Provides guidance on when a company must recognize revenue Matching Principle (expense recognition) - correct answer Prescribes that a company must record its expenses incurred to generate the revenue Full disclosure principle - correct answer Requires a co...

Acct 211 Quiz #1 Liberty university Question and answers already passed Acct 211 Quiz #1 Measurement Principle - correct answer (also called the cost principle) means that accounting information is based on actual cost Revenue Recognition Principle - correct answer Provides guidance on when a company must recognize revenue Matching Principle (expense recognition) - correct answer Prescribes that a company must record its expenses incurred to generate the revenue Full disclosure pri...

Acct 211 Quiz #1Measurement Principle - correct answer (also called the cost principle) means that accounting information is based on actual cost Revenue Recognition Principle - correct answer Provides guidance on when a company must recognize revenue Matching Principle (expense recognition) - correct answer Prescribes that a company must record its expenses incurred to generate the revenue Full disclosure principle - correct answer Requires a company to report the details behind financ...