Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

AIPB book 1 sect 1

AIPB certified bookkeeper, mastering adjusting entries,

1) Under accrual basis accounting you recognize revenue 1) When you have earned the revenue
2) Under accrual basis accounting, you recognize an expense when you have 2)Incurred the expense
3) Under accrual basis accounting, revenues presented on the income statement are 3) Revenues earned during the year
4) Under accrual basis accounting, expenses represented on the income statement are 4) Expenses incurred during the year
5) To accrue revenue at year end is to record 5) An amount earned for which payment has not been received
6)To defer revenue is to 6) Postpone recording a customer's payment as revenue until it is earned
7) To accrue an expens is to record 7) An expense incurred but not yet paid for
8) To recognize revenue or an expense is to 8) Record the amount in the general ledger revenue or expense account
9) What is accrued revenue 9)Revenue earned but not yet received
10) What is another name for accrued revenue 10) Uncollected revenue
11)What is accrued expenses 11)Expenses that have been incurred but not yet paid for
12)What is the entry for accrued revenue 12) Dr. A/R-Cr. Revenue
13) What is the entry for accrued expenses 13)Dr. Expense-Dr. A/P
Created by: cidhart


Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then tap the card to flip it. If you knew the answer, tap the green Know box. Otherwise, tap the red Don't know box.

When you've placed seven or more cards in the Don't know box, tap "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just tap on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards