Question

DUVU blatements are true. 44. Which of the following is an accurate description of how failure to record an accrual is likely to be found? a. An expense that was not accrued is paid, but there is no payable on the books as there should be. b. A revenue that was not accrued is received, but there is no receive able on the books as there should be. c. A review of the trial balance reveals that an asset or liability account that is normally present after accruals are recorded is not present. d. All above statements are accurate descriptions of how failure to record an accrual is likely to be found. 45. A comparison of this year's trial balance with last year's may be a good way to discover ... a. whether normal accruals were made this year b. whether normal deferrals were made this year c. errors in accruals or deferrals that have resulted in over- or under- statement of revenues or expenses d. all of the above 46. When trying to find errors in a trial balance that does not balance, the first step should be to... a. work from the ledger to the trial balance to check the journal entries and postings for errors b. see if the ledger account balances have been calculated correctly c. work from the ledger to the trial balance to verify that ledger account balances were transferred to the correct debit or credit columns d. work from the trial balance to the ledger to verify that ledger account balances were transferred to the correct debit or credit columns

Answer 1

Taldle of the alove statements are accurate description of how pilure to record an acusual Is likely to be found Tecarual muthed i to record enpenses uchess Services auculled on gends Selvived, whether payment made or not. ' AND to record income when sevices given as goods sold, whether Payment revived or not 45 (c) errors in auruals or defrals Tin over or under statement of that have multed sevenus or expenses Ey (6) work to verity transferred from the trial balance to the ledar that leder acounts balances were to the correct debit or credit colums. Stol only to dep nication, emplease It will effect only depoistion ff and bewilding of 17 (4) cost basis ley each your dep rate Current year HAVE

19 all of the above