Cash 1590 120 Salarles and Wages Expense 2120 Cash 2120 121 Cash 1700 Accounts Recelvable 1700 125 Accounts Recelvable 2650 Service Revenue 2650 131 Malntenance and Repalrs Expense 310 Cash 310 (To record maintenance of the truck) 131 Owner's Drawlngs 640 Cash 640 Te record drouo)

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.