Question content area top

Part $1$

Which principle or concept states that businesses should use the same accounting methods and procedures from period to$$ period?

Question content area bottom

Part $1$

A$.$

Materiality

B$.$

Disclosure

C$.$

Conservatism

D$.$

Consistency

$$

$2.$

Mortgage Payable $($due in five years$)$

$$

$3.$

Land

$$

$4.$

Office Supplies

$$

$5.$

Unearned Revenue

$$

$6.$

Investments in stock of another company held long$-$term

$$

$7.$

Accumulated Depreciation$$Furniture

Part $1$

Account

Section of worksheet

Debit $($DR$)$ or Credit $($CR$)$ column?

$8.$

Service Revenue

Income Statement

$$

$9.$

Accounts Payable

$$

$$

$10.$

Cash

$$

$$

$11.$

Depreciation Expense$$Building

Income Statement

$$

$12.$

Dividends

Income Statement

$$

$13.$

Accumulated Depreciation$$Building