Accruals and Estimates Quiz

Accrued income

Ending inventory

Doubtful accounts (correct)

Depreciation

To communicate processed information to external users

To adjust the year-end physical count of inventory

To list general ledger accounts and their balances after closing entries have been made

To record and post all nominal accounts to the income summary account (correct)

Statement of changes in equity

Statement of cash flows

Statement of financial position

Income statement or statement of comprehensive income (correct)

<p>To list general ledger accounts and their balances after closing entries have been made</p> Signup and view all the answers

<p>The post closing trial balance includes valuation accounts like allowances for assets</p> Signup and view all the answers