119. Both liabilities and equity are sources of a business's assets.
120. A business can obtain resources from just two sources: from owners and from creditors.
121. The accounting term "reliability" refers to information that is consistent from one accounting period to the next.
122. An asset source transaction increases a business's assets and the claims to assets.
123. Borrowing money from the bank is an example of an asset source transaction.
124. An asset exchange transaction does not affect the total amount of claims to a company's assets.
125. The four financial statements prepared by a business bear no relationship to each other.
126. A business's temporary accounts include revenues, expenses, and retained earnings.
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