An Account Used to Record the Owner's Investments in a Business

question 57

Multiple Choice

An account used to record the owner's investments in a business is called a(n) :

• A)Withdrawals account.
• B)Capital account.
• C)Revenue account.
• D)Expense account.
• E)Liability account.

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Definitions:

Unimodal

Describing a distribution with a single prominent peak or mode, indicating the most commonly occurring value.

Median

The middle value in a sorted list of numbers, which separates the higher half from the lower half of the dataset.

Mean

A statistic that represents the average value in a set of numbers, calculated by adding all values and dividing by the number of values.

Placebo

A substance with no therapeutic effect, used as a control in testing new drugs, or used to stimulate a patient's psychological healing process.