Which of the following is the fundamental premise of the Fundamental Accounting Equation?

A. Anything you own was acquires through inheritance or equity.

B. Anything you own was acquired through either debt or lending

C. All property ownership is economically unjust.

D. Anything you own was acquired though debt or equity.

The Fundamental Accounting Equation states which of the following?

A. Wealth cannot be created.

B. There is a fixed amount of wealth in the world.

C. Everything you own was acquired through debt or equity.

Processing Invoices must use which of the following accounting principles ?

A. First In , First Out

B. Last In , Last Out

C. Low Debt Ratios

D. Fundamental Accounting Equation

The Accounts Payable Ledger is crucial to which of the following?

A. General Ledger

B. Fundamental Accounting Equation

C. Accounts Receivable Ledger

D. All of the Above