Question

Accounting is actually an easy subject for most people to understand because almost everyone is exposed to basic accounting concepts in their everyday life.
True or False.

I say True.

Answer 1

I say false.

Which basic accounting concepts are we exposed to in everyday life?

Answer 2

I also say false. How many people do you know under the age of 10 who are "exposed to basic accounting"? The word "everyone" includes ... well, everyone!!