I was just following orders is an acceptable defense

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31. "I was just following orders" is an acceptable defense if you committed an unethical action during an audit.
Multiple Choice Questions32. Sally Smith had expenses of $800 in June which she paid in July. She declared these expenses on her June income statement. By doing this she is following the accounting principle of:
33. The price of the goods sold or services rendered during a given accounting period is called:
34. The principle that states revenue should be recognized at the time goods are sold or services rendered is called:
35. Recognizing revenue when it is earned and not when cash is received and recognizingexpenses when the related goods or services are used rather than when they are paid for iscalled: A. Revenue recognitionB.Accrual accountingC. ConservatismD. Matching
36. The agreement of the debit and credit totals of the trial balance gives assurance that
37. The sequence of accounting procedures used to record, classify and summarize accounting information is called the:
38. The purchase of equipment on credit is recorded by a:
39. The collection of accounts receivable is recorded by a: A. Debit to Cash and a debit to Accounts Receivable.B. Credit to Cash and a credit to Accounts Receivable.C.Debit to Cash and a credit to Accounts Receivable.D. Credit to Cash and a debit to Accounts Receivable.

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