Author Question: Business process control plans relate to those controls particular to a specific process or ... (Read 78 times)

crazycityslicker · **on:** Jul 5, 2018

Business process control plans relate to those controls particular to a specific process or subsystem, such as billing or cash receipts.
Indicate whether the statement is true or false

Question 2

Match the following terms with the appropriate definitions below. Some terms are used more than once.

a. Accrued revenue
b. Accrued expense
c. Deferred revenue
d. Deferred expense

_____ 1. An end of period adjustment to recognize office supplies used during a period
_____ 2. An end of period adjustment to recognize employee salaries earned but unpaid
_____ 3. An end of period adjustment to recognize depreciation on certain long-term assets
_____ 4. An end of period adjustment to recognize prepaid insurance used up during a period
_____ 5. An end of period adjustment to recognize prepaid rent used up during a period
_____ 6. An end of period adjustment to recognize interest costs incurred but unpaid
_____ 7. An end of period adjustment to recognize earnings related to work done but not yet billed
_____ 8. An end of period adjustment to recognize the amount of unearned revenue earned as of the end of the period