Author Question: Double-entry bookkeeping requires that the debit and credit entries for any transaction must ... (Read 119 times)

WhattoUnderstand · **on:** Jun 30, 2018

Double-entry bookkeeping requires that the debit and credit entries for any transaction must balance.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A trade deficit experienced by a country during a year generally signals the poor health of the economy.
a. True
b. False
Indicate whether the statement is true or false