One of the Basic Principles of the London Metropolitan Police

question 20

Multiple Choice

One of the basic principles of the London Metropolitan Police was

• A)the need for decentralized policing.
• B)the practice of preventive patrol.
• C)evidence-based policing.
• D)vigilante justice.

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Definitions:

Accrual Accounting

An accounting method that recognizes revenue and expenses when they are incurred, not necessarily when cash is exchanged, enhancing the accuracy of financial statements.

Financial Statements

Formal records of the financial activities and position of a business, organization, or person, including balance sheets, income statements, and cash flow statements.

Adjusting Entries

Journal entries made in accounting to update the accounts and bring them to their correct balances before the preparation of financial statements.

Period End

The conclusion of a specific accounting period, at which point financial statements are prepared.