求会计英语判断题答案判断题：2.Jorunalizing means entering theeconomic effe

求会计英语判断题答案
判断题：2.Jorunalizing means entering theeconomic effect of each transaction in a journal in chronological order underthe double-entry system.
3.Internal reporting (i.e.,management accounting) must follow GAAP in all respects.
4.The net income for a period inthe income statement will increase the balance of owner’s equity.
5.The credit side of an accountimplies something favorable.
6.Long-term Bonds Payable thatwill be matured in the next accounting period will be reclassified as currentliability.
7.The term “prepaid” designatesthe seller is to bear the transportation cost and remit to the freight company.
8.A system of authorization andapproval is an example of internal control.
9.A company orders goods bysending the supplier a purchase requisition.
10.The percentage of credit salesmethod violates the matching principle.
11.It is possible for the proceedsof a discounted note receivable to be less than its face value.
12.Closing entries convert realand nominal accounts to zero balances.