_______________ is a system of reserve accounting in which the maintenance period occurs after the computation period is over.
A)Maintenance period accounting
B)Double-entry accounting
C)Lagged reserve accounting
D)Contemporaneous reserve accounting

Question

Quizplus · Accepted Answer

Lagged reserve accounting is a system in which the reserve maintenance period occurs after the computation period. This means that the reserves are calculated based on a past period and then adjusted during a future period. This is different from contemporaneous reserve accounting, where the maintenance period and computation period occur at the same time. Double-entry accounting is a different accounting method used for recording transactions. Therefore, the correct answer is C.

_______________ Is a System of Reserve Accounting in Which the Maintenance