Which Statement Is Untrue

question 47

Multiple Choice

Which statement is untrue?

• A) The cash at bank account is affected by depreciation.
• B) Depreciation is an internal transaction.
• C) Depreciation causes cash flow from operations to be greater than profit.
• D) No matter which method of depreciation is used, the total depreciation charged over the life of the asset should be the same.

Recognize the treatment of sales taxes in financial records.

Understand the adjustments for returns and their effect on inventory and revenue accounts.

Differentiate between types of invoices and their roles in accounting.

Grasp the comprehensive framework of revenue recognition and its steps.

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Definitions:

Improvisation

The act of creating or performing spontaneously without prior preparation.

Virtual Presentation

A presentation delivered electronically, allowing for remote or digital viewing, and often including multimedia elements to enhance viewer engagement.

Physical Actions

Movements or gestures by the body that convey messages, express emotions, or perform tasks.

Extraneous Noise

Unnecessary or unrelated sounds that interfere with the primary signal or communication being attended to.