Contrary Trading Rules Assert That Investors Tend to Be Wrong

question 71

True/False

Contrary trading rules assert that investors tend to be wrong except at market peaks and troughs.

Understand how various types of transactions (cash receipts, cash payments, revenues, expenses) are recorded.

Identify the components and purposes of accounts found in the chart of accounts.

Distinguish between asset, liability, and equity accounts and their normal balances.

Understand the role of revenue and expense accounts in determining business profitability.