Author Question: It is important to remember that the fundamental identity of accounting is the debit and credit ... (Read 22 times)

ap345 · **on:** Jul 10, 2018

It is important to remember that the fundamental identity of accounting is the debit and credit recording activity where debits ________ equal credits.

A) never
B) seldom
C) sometimes
D) always

Question 2

As the typical cash budget shows cash flows only on a monthly basis, the information provided by the cash budget is not necessarily adequate for ensuring solvency.

Indicate whether the statement is true or false