In What Type of Settlement Do 70 Percent of South

question 365

Multiple Choice

In what type of settlement do 70 percent of South Asians live?

• A) villages
• B) cities
• C) suburbs
• D) communes

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Definitions:

Accounts Payable

Money owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Credit

An accounting entry that either increases equity, liability, or revenue accounts, or decreases an asset or expense account.

Debit

An entry recorded on the left side of a double-entry accounting system that increases assets or expenses and decreases liabilities, equity, and revenue.

Inventory Purchases

This term refers to the buying of goods and materials that a business intends to sell in the future as part of its operations.