Which is not a date for the heading of an income statement

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Problem 1: Which of the following is not a date for the heading of an Income Statement?

a) for the period ending March 31st 2002.

b) on December 31st 2002.

c) for the year ending December 31st 2002.

d) for the month ending December 31st 2002.

Problem 2: Which of the following statements about the journal is incorrect?

a) It provides a chronological record of business transactions.

b) It is the book of original entry.

c) It presents the financial position of the business.

d) It can be used as a reference to verify information in the ledger.

Reference no: EM132742351

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