The key documents and forms required in opening and using a ...

[james]

The key documents and forms required in opening and using a checking account are the signature card, deposit tickets, checks, and bank statements.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Supplies expense on the Team Shirts' income statement represents only supplies that were used to earn revenue during the accounting period. The accounting rule that applies is the ________.
 
  A) going-concern assumption
  B) historical-cost principle
  C) revenue-recognition principle
  D) matching principle

[scrocafella]

Answer to Question 1

True

Answer to Question 2

D