The Idea That an Increase or Decrease on One Side

question 52

Multiple Choice

The idea that an increase or decrease on one side of the accounting equation must be offset exactly by an increase or decrease on the other side of the accounting equation is called

• A) Additive concept
• B) Going concern assumption
• C) Monetary measurement concept
• D) Double-entry accounting

---

Definitions:

State Lottery

A government-regulated form of gambling which involves the drawing of numbers for a prize.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.

Infant Vocalisations

The earliest forms of vocal communication emitted by infants, including cooing and babbling sounds.

Consonant-Vowel

A syllabic structure forming the basic building blocks of language, involving a consonant sound followed by a vowel sound.