Explain the concept of an accounting identity. What will be an ideal ...

Author Question: Explain the concept of an accounting identity. What will be an ideal ... (Read 1672 times)

james0929

Hero Member
Posts: 586

on: Jun 30, 2018

Explain the concept of an accounting identity.

What will be an ideal response?

Question 2

The market price of existing bonds is ________ to the rate of interest prevailing in the economy.

A) directly related B) inversely related C) synonymous D) totally unrelated

shaquita

Sr. Member
Posts: 324

Reply #1 on: Jun 30, 2018

Answer to Question 1

Two variables are related by an accounting identity when the two variables are mathematically identical.

Answer to Question 2

B

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