Question

Accounting rules and regulations provide an exact answer to every accounting question, leaving no opportunity for negotiation, compromise, or interpretation in the preparation and presentation of financial statements.

True/False

Answer 1

Answer:True

Step-by-step explanation:

Because in any accounting rules, debit the receiver, credit the giver.

Debit what comes in, credit what goes out.

Debit all expenses and losses, credit all incomes and gains.