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