The largest room of Siheyuan is used for holding family ceremonies and receiving distinguished guest.
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The idea that a business be accounted for separately and independently from its owner or owners is known as the()
A. objectivity principle
B. business entity principle
C. going-concern principle
D. revenue recognition principle
The double-entry system requires that each transaction must be recorded()
A. in at least two different accounts
B. in two sets of books.
C. in a journal and a ledger
D. first as a revenue and then as an expense
Which one of the following represents the expanded accounting equation?()
A. assets = liabilities + common stock - revenue+dididends-expense
B. assets + dividends + expenses = liabilities + common stock + revenue
C. assets – liabilities – dividends = common stock + revenue – expenses
D. assets = revenue + expenses – liabilities
complete the following tableby:1. Identifying the type of account listed on each line.2. Entering debit or credit in the blank spaces to identify the kind of entry that would increase or decrease the account balance.