Financial Reporting Mechanics Q's

A decrease in assets would least likely be consistent with a(n): a) increases in expenses b) descrease in revenues c) decrease in liabilities d) increase in contributed capital An auditor need to review all of a company’s transactions that took place between August 5th and August 7th of the current year. To find this information, she would most likely consult the companys: a) general ledger b) general journal c) financial statements d) adjusted trial balance


I would say 1D and 2B

d) a)

answers are d & B nice work map