An account balance is:
A. Always a credit.
B. Used to identify source documents.
C. The difference between the total debits and total credits for an account including the beginning balance.
D. The total of the debit side of the account.
E. The total of the credit side of the account.
Answer: C
You might also like to view...
Friendships often begin with two people making limited initial contact in some context. This initial meeting represents the first stage of friendship, also known as which of the following?
A. friendly relations B. moving toward friendship C. nascent friendship D. role-limited interaction
For the United States, antidumping laws tend to result in
a. a decrease in consumer surplus. b. a decrease in producer surplus. c. a ceiling imposed on foreign prices. d. lower tax revenue for the U.S. government.
The form of competition in which there are many sellers and they each have a similar product is referred to as ________.
A. monopolistic competition B. an oligopoly C. singular competition D. pure competition E. a monopoly
Service inseparability means that the quality of services depends on who provides them, as well as when, where, and how they are provided
Indicate whether the statement is true or false