Which of the Statements Below Correctly Describes How to Format

question 55

Multiple Choice

Which of the statements below correctly describes how to format the method section?

• A)The word "method" is centered using italics.
• B)The word "method" is aligned left using bold font.
• C)The word "method" is aligned right using bold font.
• D)The word "method" is centered using bold font.

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Definitions:

Liabilities

Debts or financial responsibilities that a company has towards others, requiring settlement via the transfer of economic resources over a period.

Debits

Entries in accounting that represent an increase in assets or expenses, or a decrease in liabilities, equity, or income.

Credits

Accounting entries that increase liabilities or equity or decrease assets or expenses.

Journal Entries

The recording of financial transactions into a company's accounting records, documenting the details of financial transactions that affect the financial statements.