It Is Important to Remember That the Fundamental Identity of Accounting

question 21

Multiple Choice

It is important to remember that the fundamental identity of accounting is the debit and credit recording activity where debits ________ equal credits.

• A)never
• B)seldom
• C)sometimes
• D)always

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Definitions:

Iodine Potassium Iodide (IKI)

A chemical solution commonly used as a starch indicator in biological and chemical experiments. It changes color in the presence of starch.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Hypotonic Solution

A hypotonic solution is one where the concentration of solutes is lower outside the cell than inside it, leading to water entering the cell.

Potassium Permanganate

A chemical compound with strong oxidizing properties, used as a disinfectant and in water treatment.