R- ac3-1: What are the two methods for recording revenues and expenses?
R- ac3-2: What entries are necessary after completing a trial balance in the accrual method of accounting?
R- ac3-3: What are typical adjusting entries for prepaid expenses?
R- ac3-4: What are typical adjusting entries for plant and equipment?
R- ac3-5: What are typical adjusting entries for liabilities?
R- ac3-6: How are work sheets used in preparation of financial statements?
R- ac3-7: How many work sheets are used in preparation of financial statements?
R- ac3-8: What are closing entries?
R- ac3-9: What is the procedure to close temporary accounts?
R- ac3-10: How are errors delt with in the trial balance?
R- ac3-11: Describe the accounting cycle.
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