A Disadvantage of ________ Is That It Can Be Very

question 40

Multiple Choice

A disadvantage of ________ is that it can be very heavy and hard to transport from one place to another.

• A) commodity money
• B) fiat money
• C) electronic money
• D) paper money

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Definitions:

Accounts Receivable

Monies owed to a company by customers for sales made on credit that are recorded as assets on the balance sheet.

General Journal

A foundational accounting record that keeps chronological entries of a company's transactions.

T-Accounts

A visual representation used in accounting to depict the debits and credits for each financial transaction affecting a particular account.

T-Accounts

T-Accounts are a form of accounting ledger that visually represents the debits and credits of financial transactions for each account in double-entry bookkeeping.