Normal Balance
What will be an ideal response?
In accounting, side where increases are recorded
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A correlation between two variables implies that:
A) there is a cause-effect relationship between the two variables. B) it is impossible to measure one variable without measuring the other. C) there is a mutual relationship between both the variables. D) when one variable changes, the other variable always changes by exactly the same amount.
Economists have proved that a substantial increase in income during a month does not affect consumption much in the short run unless it is perceived as a permanent increase
a. True b. False Indicate whether the statement is true or false
Deepening human capital involves
a. increasing the number of workers. b. increasing the number of machines per worker. c. increasing the levels of education per worker. d. using more machines than workers.
When making a purchase, it is least costly to
a. pay cash. b. put it on a credit card and pay off the balance plus interest in one year. c. put it on a credit card and pay off the balance at the end of the month before interest accrues. d. it doesn't matter because all three have the same present value.