Multiple Choice
Thiago is reviewing the books for Spare Bowling Supplies. He notices that the books are not balancing and finds a cash sale that was entered as a $50 debit to cash and a $5 credit to revenue. Based on this information we know that Thiago is most likely using a(n) ________ bookkeeping system.
A) debit-credit
B) double-entry
C) acid-test
D) single-entry
E) cash flow
Correct Answer:
Verified
Correct Answer:
Verified
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