The matching principle matches balance sheet accounts with income statement accounts
Indicate whether the statement is true or false
F
Business
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Ned and Bob recognize that they should wait in line until it’s their turn at the local burger place; otherwise, they might be seen as rude. This is an example of ______.
a. constitutive rules b. social rules c. interaction rules d. regulative rules
Business
The work sheet is not considered a part of the formal accounting records
Indicate whether the statement is true or false
Business
A form of revolving credit is a(n) _____ credit account
a. extended revolving b. retailer-generated c. open d. option
Business
An employment contract is an example of a personal satisfaction contract
a. True b. False Indicate whether the statement is true or false
Business