The External Forces Are Commonly Called _________ Forces,which Are the External

question 134

Short Answer

The external forces are commonly called _________ forces,which are the external forces that management has no direct control over,although it can exert influence.

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Definitions:

Asset Account

A record in the financial statements that shows the value of a company's assets, including current, fixed, tangible, and intangible assets.

Liability Accounts

Financial accounting ledgers that record amounts owed to creditors or suppliers.

Debits

Accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's bookkeeping system is mathematically correct.