41 42 Question 42Which side of the account increases the cash account?O creditdebitO neither a debit .or a creditO either a debit or a credit Question 41The debit side of an accountO No answer text provided.O No answer text provided.depends on whether the account is an asset, liability, or owner's equityO can be either side of the account depending on how the accountant set up the systemO is the right side of the accountO is the left side of the account

Cash account is a ledger account which shows movement of cash for transactions.

Answered: side of the account increases the cash…

Business

Accounting

side of the account increases the cash account?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

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.

Question

41 42

Question 41
The debit side of an account
O No answer text provided.
O No answer text provided.
depends on whether the account is an asset, liability, or owner's equity
O can be either side of the account depending on how the accountant set up the system
O is the right side of the account
O is the left side of the account

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