An Account Consists of

question 169

Multiple Choice

An account consists of

• A) a title a debit balance and a credit balance.
• B) a title a left side and a debit balance.
• C) a title a debit side and a credit side.
• D) a title a right side and a debit balance.

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Definitions:

Sarbanes-Oxley Act

A United States federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Unethical Business Decisions

Choices made in business practices that are morally wrong, illegal, or fall outside of accepted moral guidelines or standards.

Publicly Traded Companies

Companies whose shares are listed on a stock exchange and can be bought and sold by the public.

Codify

The process of collecting and systematizing laws, rules, or regulations into a single, coherent code.