Subtract. -0.58 - (-0.56)

question 130

Multiple Choice

Subtract.
-0.58 - (-0.56)

• A) 1.14
• B) 0.3248
• C) 0.02
• D) 1.24

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Definitions:

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.

Credit

An entry on the right side of a ledger account, representing an increase in liabilities or equity or a decrease in assets; in a broader sense, also refers to the provision of resources by a creditor to a borrower.

Compound Entry

A journal entry that involves three or more accounts.

Journal Entry

A journal entry is a record in the books of accounts that represents a business transaction, detailing the accounts affected and the amounts.