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___________ and __________ are used to increase (or decrease) the equity account.

A.

Journal Entries & Debit

B.

Journal Entries & transactions

C.

Journal Entries & Credit

D.

None of all

Accounting records are designed to be kept on subjective rather than objective evidence.

A.

True

B.

False

______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.

The heart of book keeping system is the ___________.

A.

Asset

B.

Liability

C.

Checkbook

D.

Journal

________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

A.

Deceive

B.

Delude

C.

Mislead

D.

Beguile