The double-entry system
A) requires that each transaction be recorded with at least one debit and one credit.
B) requires that the total amount of the debits must always equal the total amount of the credits.
C) is based on the principle of duality.
D) All of these choices.
D
You might also like to view...
The net sales for a company total $500,000, gross profit is $200,000, and net income is $75,000 . The net income ratio is
a. 667%; b. 267%; c. 37.5%; d. 15%; e. cannot be determined from the information given.
Identify four qualities that are pertinent to accounting measures.
What will be an ideal response?
What qualification do top public relations executives tend to bring to their positions?
A. Loyalty to a single employer D. Diversity of work experience B. Personal wealth and connections E. Connections with journalists C. Master's degree
A(n) _____ is a connecting word that shows the relationship between a noun or pronoun and other words in a sentence
Fill in the blank(s) with correct word