Acct 211 quiz 1 - Study guides, Class notes & Summaries
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ACCT 211 Quiz 1 with verified solutions graded A+
- Exam (elaborations) • 5 pages • 2024
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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...
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ACCOUNTING 211 Liberty University -ACCT 211 Quiz 1 fully solved to pass
- Exam (elaborations) • 5 pages • 2024
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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...
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ACCT 211 Quiz 1 Liberty university Question and answers verified to pass
- Exam (elaborations) • 5 pages • 2024
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Available in package deal
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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 ...
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Acct 211 Quiz #1 questions with correct answers graded A+
- Exam (elaborations) • 2 pages • 2024
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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...
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Acct 211 Quiz #1 Liberty university Question and answers already passed
- Exam (elaborations) • 2 pages • 2024
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Available in package deal
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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...
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Acct 211 Quiz #1 well answered to pass
- Exam (elaborations) • 2 pages • 2024
- Available in package deal
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- $10.49
- + learn more
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...
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