All of the Following Statements Regarding the Double-Entry System Are

question 160

Multiple Choice

All of the following statements regarding the double-entry system are true except

• A)a two-sided effect of each transaction is recorded in appropriate accounts when using the double-entry system.
• B)the double-entry system provides a logical method for recording transactions.
• C)both sides of the accounting equation must be affected when recording a transaction using the double-entry system.
• D)when using the double-entry system, the sum of all debits to the accounts must equal the sum of all credits.

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Definitions:

Value-based Management

Management that actively develops, communicates, and enacts shared values.

Corporate Culture

encompasses the beliefs, behaviors, values, and symbols that are accepted generally by employees of an organization, influencing its identity and actions.

Value-based Management

A management approach that ensures corporations are managed consistently on value, maximizing shareholder value over time.

Value-based Management

A management approach that ensures corporations are managed in a way that maximizes shareholder value.