Multiple Choice
Which of the following ensures that the accounting equation is always kept in balance?
A) Credits
B) Debits
C) Double-entry accounting
D) Balance sheet
E) T-accounts
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q163: Who manages the entire firm's accounting activities?<br>A)
Q164: Bennequin Manufacturing was a highly profitable firm
Q165: Due to a downturn in the local
Q166: The debt-to-equity ratio is calculated by dividing<br>A)
Q167: If the following facts were known, which
Q169: A current liability is<br>A) additional money, above
Q170: Streeter & Sons is a regional service
Q171: How is the debt-to-owners'-equity ratio used?<br>A) To
Q172: The lower the inventory turnover ratio, the
Q173: Streeter & Sons is a regional service