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ACC-250-T0101 Test: ACC-250 Practice Quiz 1 6 This Question: 1 pt Which of the following events is not recorded by accountant
ACC-250-T0101 Test: ACC-250 Practice Quiz 1 (Topics 1 & This Question: 1 pt Which of the following is a financial statement t
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Answer #1

1.) Answer - D (Effects of an economic boom)

Effects of an economic boom can't be recorded by accountants as their nature of duty is to post and verify the accounting transactions only. Analysis of the economic boom is made by the social analyst , marketing analyst etc..

2.) Answer - A ( Balance sheet)

Balance sheet is the financial statement that presents the business accounting equation because total assets must be equal to total liabilities and all equities.

Assets = Liabilities + shareholder's Equity

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