The Right Side of an Account

question 174

Multiple Choice

The right side of an account

• A) is the correct side.
• B) reflects all transactions for the accounting period.
• C) shows all the balances of the accounts in the system.
• D) is the credit side.

---

Definitions:

External Market Price

The price at which a product or service is sold in the open market to external customers, outside of the company or organization.

Producing Division

The producing division refers to a department or segment within a company responsible for the production of goods or services.

Decentralised Organisation

A type of organizational structure where decision-making is distributed among various levels and departments rather than being concentrated at the top.

Centralised Organisation

An organizational structure where decision-making and authority are concentrated at the top levels of management.