Basic Accounting Questions.

If the Balance Sheet columns do not balance, the error is most likely to exist in the Select one or more a Last six columns of the work sheet Ob First six columns of the work sheet Dc General ledger d. General journal Modifying conventions include all of the following except Select one or more a. Cost-benefit b. Conservatism c Materiality d. Periodicity The concept that requires companies to use the same accounting practices and reporting practices through time Select one or more a Consistency b. Substance over form. c None of the above d. Articulation The business entity concept assumes that each business has an existence separate from all parties except its owners. Select one O True O False Which of the following statements is false regarding the closing process? Select one or more: a. The Income Summary account is closed to the Retained Earnings account b. The closing of expense accounts results in a debit to Income Summary c. The Dividends account is closed to Income Summary d. The closing of revenues results in a credit to Income Summary