Multiple Choice
Which of the following is one of the basic categories or "elements" that accountants use to classify information in financial statements?
A) Liabilities
B) Receipts
C) Dsibursements
D) Rent
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q41: In accounting, the concept for whether information
Q42: A company has borrowed money from a
Q43: A ""deferred revenue"" is an example of
Q44: Expenses and losses are different because expenses
Q45: Which of the following is not one
Q47: Assume that a company obtains legal services
Q48: The financial accounting "element" that best describes
Q49: In accrual accounting, there are situations when
Q50: David's Loan loaned $2,000,000 to a customer
Q51: Investments by owners, and distributions to owners,