entry system.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
choose true or false
Transcribed Image Text:The basis for the cash is the double-
entry system.
true
False
Financial accounting is one of the
branches of accounting specialized
in recording, classifying,
summarizing, interpreting and
communicating financial information
pertaining to companies.
False
True
Every transaction has one sides. One
side is the giver, the other side is the
receiver, which is for the same
amount of money
true
false
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