The current system of accounting is called the double-entry system because a debit to one account is balanced by a credit to another account.
Answer the following statement true (T) or false (F)
True
You might also like to view...
An executive is undecided whether to rely on in-house or external export specialists/intermediaries in the home country. He is leaning towards direct representation in a market. What are the benefits of going forth with direct representation?
What will be an ideal response?
How did the Plymouth Company endeavor to create a colony in New England differ from previous English colonies like Jamestown?
a. It had a strong religious component and goal. b. It lacked backing by a royal charter. c. It involved no debts to the crown. d. It was not a business venture.
In capital budgeting, a firm's cost of capital is frequently used as the
a. internal rate of return. b. accounting rate of return. c. discount rate. d. profitability index.
Communication is the process of transmitting ______.
a. data and concepts b. information and meaning c. words and images d. facts and opinions