Author Question: Most financial accounting is based on the _____ method of bookkeeping. A) single-entry B) ... (Read 62 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
Most financial accounting is based on the _____ method of bookkeeping.
 A) single-entry
  B) double-entry
  C) debt balance
  D) credit balance

Question 2

When an entry is made on the day sheet, it is called:
 A) crediting
  B) ordering
  C) journalizing
  D) balancing



ultraflyy23

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library