When Arranging an Informational Report to Shows the Steps in a Process,which

question 54

Multiple Choice

When arranging an informational report to shows the steps in a process,which type of organization is being followed?

• A)Comparison
• B)Importance
• C)Sequence
• D)Category
• E)Chronology

---

Definitions:

Credits

Entries in accounting that increase liabilities or equity accounts, or decrease asset or expense accounts, reflecting transactions.

Debits

Entries in accounting that are used to record increases in assets or expenses and decreases in liabilities, equity, and revenue.

Capital Balance

The amount of money that a business or individual has invested in an entity, not including profits or losses from operations.

Net Income

The residual profit of an enterprise after deducting all expenditures and tax payments from its overall revenue.