_______________ 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 maintenance period of reserves follows the computation period, meaning that the reserve calculations are made on a historical basis. This is different from contemporaneous reserve accounting, in which the maintenance and computation periods occur simultaneously. Double-entry accounting is a different system entirely, not related to reserve accounting.

_______________ Is a System of Reserve Accounting in Which the Maintenance