Which of the Following Are Areas of Accounting

question 42

Multiple Choice

Which of the following are areas of accounting?

• A)Public practice and industry
• B)Government and industry
• C)Private and public practice
• D)Public practice,industry,and government

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Definitions:

Balance Of Trade

The difference between the value of a country's exports and the value of its imports over a certain period, reflecting the country's trade surplus or deficit.

Current Account Deficit

When a country's total imports of goods, services, and transfers exceed its total exports.

Foreigners

Individuals or entities from one country who are living in, conducting business, or present in another country.

Assets

Resources owned by an individual or business that have value and can be used to meet debts, commitments, or legacies.