Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
Double-entry accounting is a method whereby every transaction is recorded in at least two accounts?
Double-entry accounting is a method whereby every transaction is recorded in at least two accounts?
True (A)
The accounting equation is Assets = Liabilities + Equity and it must always balance?
The accounting equation is Assets = Liabilities + Equity and it must always balance?
True (A)
Accumulated depreciation is a liability account in the balance sheet?
Accumulated depreciation is a liability account in the balance sheet?
False (B)
Flashcards are hidden until you start studying
