The answer to the sentence above is false based on the transaction above. Account Receiveable is an asset account which has "debit" as its natural balance. Recording credit sales will increase the account receivable balance and sales balance, thus an increase in account receivable balance occurs on the debit side.
The term that is being referred above is the Personal Balance Sheet or Statement. This shows the result of your assessment as to what you own and what you can owe. This assessment aims to check your financial health and the status of your personal finances. Answer to this is the first option.
<span>In the current year, the nation's economic growth will be negative. This is an outcome produced by all factors involved. There have been no capital goods produced, and therefore, no income can be generated by capital goods. There has been no growth in population or in any productive resources that could yield come kind of economic growth for the nation.</span>
<span>During an economic downturn, consumers spend considerably less on goods and services. this results in layoffs that are classified as CYCLICALLY UNEMPLOYED.</span>
