A Humanist Was Most Likely to Study

question 22

Multiple Choice

A humanist was most likely to study

• A)religion.
• B)law .
• C)saint's lives.
• D)rhetoric.
• E)medicine.

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Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded in the company's ledger.

Prepaid Expense

An expense paid in advance of its due period, recorded as an asset on the balance sheet until it is actually incurred and then shifted to an expense account.

Adjusting Entries

Journal entries made in accounting to adjust income and expense accounts so that they comply with the accrual concept.

Journal Entries

Records of financial transactions in the order they occur, which are then posted to the appropriate accounts.