An account is a part of the financial information system and is described by all except which one of the following?
A) An account has a debit and credit side.
B) An account is a source document.
C) An account may be part of a manual or a computerized accounting system.
D) An account has a title.
Correct Answer:
Verified
Q39: A general ledger should be arranged in
Q40: Posting is the process of proving the
Q41: The double-entry system requires that each transaction
Q42: Which one of the following could represent
Q43: Debits
A) decrease both assets and liabilities.
B) decrease
Q45: Which of the following correctly identifies
Q46: For the basic accounting equation to stay
Q47: In recording an accounting transaction in a
Q48: Which of the following is not true
Q49: An account consists of
A) a title a
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