A credit means:
A) the event had a favorable impact on the entity's financial statements.
B) the event had an unfavorable impact on the entity's financial statements.
C) the event had an effect on the right side of the T-account.
D) the event had an effect on the liabilities.
C
You might also like to view...
Distinguish between a deferral and an accrual
Managers responsible for supervising the operations of an organization are referred to as ________ managers.
A. strategic B. functional C. tactical D. supervisory E. operational
Name four guidelines you should use when rehearsing a presentation.
What will be an ideal response?
Katherop, a company that manufactures and supplies baby clothes, conducts a charity program every year to distribute free products to the underprivileged children in rural areas. The company advertises this program to gain attention of its customers. Which of the following marketing strategies does this scenario best illustrate?
A. People marketing B. Place marketing C. Event marketing D. Relationship marketing