It is important to remember that the fundamental identity of accounting is the debit and credit recording activity where debits ________ equal credits
A) never
B) seldom
C) sometimes
D) always
Answer: D
You might also like to view...
If Detroit DLX charges the same price for the delivery of its product to customers located in the states near the Great Lakes, but a different price to customers elsewhere, the company is using ________
A) psychological pricing B) promotional pricing C) zone pricing D) reference pricing E) uniform-delivered pricing
When employees are ________, morale tends to be low and the amount of conflict increases.
A) Complacent B) Anxious C) Punished D) Overwhelmed
Diversification strategies involve increasing sales of existing products in existing markets
Indicate whether the statement is true or false a. True b. False
Adding fictitious receivables to the accounts receivable balance will result in:
a. a decrease in the number of days in receivables ratio. b. the accounts receivable turnover ratio either increasing or decreasing, depending upon its starting point. c. the sales return percentage increasing dramatically. d. All of the choices are true regarding fictitious receivables.