Sustainable Development

question 8

Multiple Choice

Sustainable development:

• A) Meets the needs of the present while compromising the ability of future generations to meet their own needs.
• B) Gives precedence to environmental over economic considerations.
• C) Balances economic and environmental considerations.
• D) Gives precedence to present needs over future needs.

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Definitions:

Posting

The process of transferring journal entry amounts to respective accounts in the ledger.

Equality

A principle ensuring that individuals are treated similarly, without any discrimination based on race, gender, ethnicity, religion, or social status.

Debits and Credits

The two sides of every financial transaction in accounting. Debits increase assets or expenses and decrease liabilities or equity, whereas credits do the opposite.

Account Titles

Names given to various accounts used in accounting to classify and organize financial transactions.