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Questions and Answers
What is the principal of accounts?
What is the principal of accounts?
- The head of a school
- The initial amount of money invested or borrowed (correct)
- The most important rule in accounting
- The principal's office in a company
What does 'principal' mean in the context of accounts?
What does 'principal' mean in the context of accounts?
- The chief executive officer of a company
- The amount of money initially invested or borrowed (correct)
- The primary accounting software used
- The primary shareholder of a company
In accounting, what does 'principal' refer to?
In accounting, what does 'principal' refer to?
- The person in charge of a company
- The main accounting ledger
- The original amount of money (correct)
- The highest-ranking accountant
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