Saving Is an Example of

question 112

Multiple Choice

Saving is an example of

• A)a flow concept.
• B)a stock concept.
• C)a depreciation concept.
• D)an investment concept.

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Definitions:

Capital Stock

Represents the equity or ownership sections of a corporation divided into shares.

Opening Balance Equity

An account used in accounting software to offset discrepancies when establishing opening balances during the initial setup of the financial records.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for, considered an asset on the balance sheet.

Supplies On Hand

The inventory of materials and goods currently available in a business for use or sale.