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liability is not a debit or credit



 
ESL Forum | English Teacher Explanations (ESL Tests)
He lost interest in it vs. he lost his interest | What does the expression 'seeing forest from trees' mean?
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liability is not a debit or credit #1 (permalink) Fri Aug 14, 2009 9:16 am   liability is not a debit or credit
 

Business English Lesson, Advanced Level

ESL/EFL Test #107 "Accounting terms", question 5

Liabilities either have a credit or no ......... at all.

(a) scale
(b) balance
(c) debit
(d) debut

Business English Lesson, Advanced Level

ESL/EFL Test #107 "Accounting terms", answer 5

Liabilities either have a credit or no balance at all.

Correct answer: (b) balance
_________________________

liability is not a debit or credit

Miron
Miron
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