Give 1 1 Example of Economic activity and non-economic activity

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.

Which of the statements is true about the values recorded in the balance sheet of a firm?

Can someone me with general journal entry on this? ?