The Feature of Accounting in Which Means That There Are

question 29

Multiple Choice

The feature of accounting in which means that there are at least two accounts affected in every transaction so that the accounting equation stays in balance is called:

• A) the matching feature.
• B) the classifying feature.
• C) the dual nature of accounting.
• D) the full disclosure principle.

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Definitions:

U.S.

A country consisting of fifty states and a federal district, known officially as the United States of America, which is a federal republic in North America.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Decentralization

The process of distributing or dispersing functions, power, people, or things away from a central location or authority.

Mexico's Constitution

The supreme law of Mexico, established in 1917, which includes provisions for the protection and rights of workers.