Multiple Choice
In her work as an accountant, Sandra Garcia recognizes that for every transaction that affects an asset, an equal transaction must also affect either a liability or owners' equity. Sandra is using ________ bookkeeping.
A) double profit
B) double entry
C) bottom line
D) triple entry
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Your boss asks you to email a
Q24: Numbers used to compare current data to
Q25: A company's budget outlines all of the
Q26: Total liabilities at New Fashion Stores, Inc.
Q29: Current Assets - Current Liabilities = _
Q31: The Sarbanes-Oxley Act established the Public Company
Q32: Your boss asks you to email a
Q33: Factoring is the process of selling accounts
Q75: Depreciation helps keep the accounting equation in
Q92: You work at a fast food restaurant.Your