The correct term for the process of recording the economic effects of business transactions in a book of original entry is

a. Double-entry system
b. Debit
c. Credit
d. None of these choices.


d

Business

You might also like to view...

Use contractions to establish a _________________ tone

a. personal b. frustrated c. serious d. concerned

Business

In a factory with several processing departments, a single factory overhead rate may not provide accurate product costs and effective cost control

Indicate whether the statement is true or false

Business

Flounder Inc Use the information provided for Flounder Inc to answer the question(s) using the effective interest method. On January 1, 2012, Flounder Inc issued $800,000, 10-year, 9% bonds for $662,356. The bonds pay interest on June 30 and December 31. The market rate is 12%. Refer to the information provided for Flounder Inc The interest expense on the bonds at June 30, 2012, is:

A) $79,482.77. B) $36,000.00. C) $39,741.38. D) $29,806.04.

Business

_____ can be disseminated using a variety of media or forms, including memos, letters, emails, instant or text messaging, faxes, press releases, company websites, blogs, blog applications, wikis, and reports.?

A) ?Oral communication B) ?Written communication C) ?Kinesic communication D) ?Haptic communication

Business