One important component of the Maastricht Treaty was the establishment of economic and monetary union among European Union members

Prepaid Rent is a(n) ________ account and has a normal ________ balance.

A) asset; debit B) liability; credit C) liability; debit D) asset; credit

Which of the following is the basic internal control measure for cash?

A) keeping money in a bank account B) checking for counterfeit bills C) counting cash receipts twice D) internal audit of cash procedures