Examlex

Solved

Which of the Following Concepts Is NOT One of the Basic

question 3

Multiple Choice

Which of the following concepts is NOT one of the basic theories of biology?


Definitions:

Purchases Journal

A record keeping tool used in accounting to track all purchases made by a business, including inventory, supplies, and services.

Subsidiary Posting

The process of transferring details from the journal into subsidiary ledgers, which help in maintaining detailed information on individual account balances.

Cash Payments

Outflows of cash to settle obligations or purchase goods and services.

Equipment

Tangible property used in operations, such as machinery, computers, and furniture, which has a useful life longer than one fiscal period.

Related Questions