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Author Question: In the double-entry bookkeeping system, the two entries allow for balance in the accounting ... (Read 142 times)

Alainaaa8

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on: Jun 25, 2018
In the double-entry bookkeeping system, the two entries allow for balance in the accounting equation:
 A) Owner's Equity = Assets + Liabilities
  B) Liability = Assets + Owner's Equity
  C) Assets = Liabilities + Owner's Equity
  D) None of the above

Question 2

The total amount of cash and checks, including credit and debit card payments, should be manually recorded on a?
 A) cash control sheet
  B) debit sheet
  C) credit sheet
  D) none of the above


TINA

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Reply #1 on: Jun 25, 2018
Answer to Question 1

C

Answer to Question 2

A


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Alainaaa8

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Reply #2 on: Jun 25, 2018
Thank you :)


TINA

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Reply #3 on: Jun 25, 2018
Happy to help you


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