객관식
According to the fundamental accounting equation, if a company capitalizes tools with a purchase price greater than \$1,000, which of the following is the correct effect on the company's financial statements at the time of purchase?
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1. Introduction to Accounting
Fundamental Accounting Equation
Multiple Choice
Keeping track of what you earn, spend, and save are key parts of a _____.
A
personal accounting system
B
bank reconciliation
C
balance sheet
D
trial balance
검증된 단계별 안내1
Understand the context of the question: It is asking about a system that helps track earnings, expenses, and savings. This relates to personal financial management.
Review the options provided: 'personal accounting system,' 'bank reconciliation,' 'balance sheet,' and 'trial balance.'
Define each term: A 'personal accounting system' refers to a method or tool individuals use to manage their finances, including tracking income, expenses, and savings. 'Bank reconciliation' is the process of matching bank statements with personal records. A 'balance sheet' is a financial statement showing assets, liabilities, and equity at a specific point in time. A 'trial balance' is a bookkeeping worksheet listing all ledger accounts and their balances to ensure debits equal credits.
Eliminate options that do not fit the context: 'Bank reconciliation,' 'balance sheet,' and 'trial balance' are specific accounting tools or statements, not systems for tracking personal finances comprehensively.
Conclude that the correct answer is 'personal accounting system,' as it directly aligns with the description of tracking earnings, expenses, and savings.
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