If the Dollar Price of One South African Rand (ZAR)increases

question 73

Multiple Choice

If the dollar price of one South African rand (ZAR) increases from $0.076 in 1999 to $0.083 in 2003, we can say that the reciprocal exchange rate moved from:

• A)$1 = ZAR 13.2 in 1999 to $1 = ZAR 12.0 in 2003.
• B)$1 = ZAR 12.0 in 1999 to $1 = ZAR 13.2 in 2003.
• C)$1 = ZAR 0.076 in 1999 to $1 = ZAR 0.083 in 2003.
• D)ZAR 1 = $0.083 in 1999 to ZAR 1 = $0.076 in 2003.
• E)$1 = ZAR 176 in 1999 to $1 = ZAR 183 in 2003.

---

Definitions:

Credit

In finance, it refers to the borrowing capacity of an individual or company, or the entry on the right side of a financial account, indicating an increase in liability or decrease in asset.

Unadjusted Trial Balance

A report listing all the balances in each account in the ledger before any adjusting entries are made, used to check the equality of debits and credits.

Errors

Mistakes or inaccuracies found in financial statements or transactions.

Normal Balances

Refers to the expected debit or credit balance in a specific type of account, consistent with its accounting equation side.