Double Lines Are Ruled Across The Balance Sheet Columns To Show That The Column

1.double lines are ruled across the balance sheet columns to show that the column totals have been verified as correct (True/False)

2.the income statement’s account balances are obtained from the work sheet’s income statement columns(True/False)

3. the position of the total asset line on the balance sheet is determined after the equities section is prepared.(True/False)4. the matching expenses with revenue accounting concept is applied when the revenue earned and the expenses incurred to earn that revenue are reported in the same fiscal period.(True/False)

Prof. Angela


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