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.

---

Definitions:

Divisional Managers

Managers responsible for overseeing specific divisions within an organization, focusing on its performance and outcomes.

Profit Centers

Divisions or segments within a company that are directly responsible for generating its profits by making their own revenue and controlling their costs.

Corporate Executives

Senior management officials within a corporation, responsible for making major corporate decisions.

Profit Centers

Segments or areas of a business that are responsible for generating their own revenues and profits.