Which of the Following Is an Unofficial Tool of Accounting

question 126

Multiple Choice

Which of the following is an unofficial tool of accounting?

• A)Account
• B)T-account
• C)Debit
• D)Credit

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Definitions:

Wage Increase

An upward adjustment in the amount of money paid to an employee for their work, typically expressed as a percentage of their current wage.

National Income

The total value of all goods and services produced by a country's economy in a given year, after adjusting for income received from abroad.

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, and health.

Physical Capital

The tangible assets that a company uses in the production of goods or services, such as machinery, buildings, and vehicles.