These sections in the statement of comprehensive

10. 10. These sections in the statement of comprehensive income is These sections in the statement of comprehensive income is presented when the functional format is used. presented when the functional format is used.
a. a. Operating expenses, Operating expenses, Cost of Cost of goods sold, goods sold, Other income Other income & & Other expenses Other expenses
b. b. Operating Operating expenses & expenses & Cost of goo Cost of goods sold ds sold
c. c. Cost Cost of of goods sold, goods sold, Other Other income income & & Other expenses Other expenses
d. d. Operating Operating expenses, expenses, Other Other income income & & Other Other expenses expenses
11. 11. This type of adjusting entry may be reversed at the start of the next accounting per This type of adjusting entry may be reversed at the start of the next accounting period. iod.
method)
above

12. 12. This kind of comm This kind of commercial organization is also known ercial organization is also known as retailing business. as retailing business.
ip
ring
13. 13. This type of accounts does not require periodic adjustment at the This type of accounts does not require periodic adjustment at the end of the accounting period. end of the accounting period. 14. 14. These accounts do not appear in These accounts do not appear in the post-closing trial balance. the post-closing trial balance.
a. a. Revenue, Revenue, expense expense and and drawing drawing accounts accounts
b. b. Revenue Revenue and expe and expense acco nse accounts
c. c. Revenue Revenue accounts accounts
d. d. Expense Expense accounts accounts
unts
[Type text] [Type text]