Virtual Water Is the Quantity of Water Embedded in the Production

question 2

True/False

Virtual water is the quantity of water embedded in the production of food or products.

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, including the balance sheet, income statement, and statement of cash flows.

Debit

An entry in the accounts that represents an increase in assets or expenses or a decrease in liabilities, equity, or revenue in a double-entry bookkeeping system.

Salary Expense

The total amount paid by a business to its employees for their services over a specific period.

Trial Balance Totals

The sum balances of all ledgers in a double-entry bookkeeping system, used to ensure that debits equal credits.