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ACCT105 Week 2 QuizReturn to Assessment ListPart 1 of 1 -100.0/ 100.0 PointsQuestion 1 of 1010.0/ 10.0 PointsHorizontal analysis shows the percentage that each item in a financial statement is of some significant total such as total assets or sales.A. TrueB. FalseAnswer Key:FalseQuestion 2 of 1010.0/ 10.0 PointsWhich of the following statements about the accounting equation is not true?
Question 3 of 1010.0/ 10.0 PointsOne of the purposes of a ledger account is to record the complete effect of a transaction in one place.