At the End of the Period,which Is Prepared First

question 113

Multiple Choice

At the end of the period,which is prepared first?

• A)Income Statement
• B)Balance sheet
• C)Adjusting entries
• D)Unadjusted trial balance

---

Definitions:

Bills Of Exchange Act

Legislation that regulates the transfer, creation, and definition of bills of exchange, a type of financial instrument.

Endorse

To give support, approval, or recommendation publicly, or to sign the back of a financial instrument, transferring rights or ownership.

Refuse

To indicate unwillingness to accept, do, engage with, or consent to something.

Payable After Sight

A payment term indicating that the amount is due a certain number of days after the invoice or bill is presented and seen by the debtor.