Double-Entry Bookkeeping Implies That

question 58

Multiple Choice

Double-entry bookkeeping implies that:

• A)profits cannot be negative because profit equals the value of final output less costs.
• B)profits fill the gap between the sum of employee compensation, rents and interest on the one hand and the value of final output on the other hand.
• C)aggregate income net of profits is less than the value of final output because profit can add or take away from final output.
• D)aggregate income net of profits is greater than the value of final output because profit can add or take away from final output.

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