To deceive stockholders
To keep from paying taxes
To establish credit for a company
Question 14. Question :
and services on credit are:
Assets created by selling goods
Accounts payable
Accounts receivable
Liabilities
Expenses
Question 15. Question :
accounting system:
Double-entry accounting is an
That records each transaction twice
That records the effects of transactions
and other events in at least two accounts with equal debits and
credits
In which the impact of each transaction
is recorded in two or more accounts but that could include two
debits and no credits