The Account Used to Record Increases in Owner's Equity from the Sale

question 80

Multiple Choice

The account used to record increases in owner's equity from the sale of goods or services is

• A) the revenue account.
• B) the Cash account.
• C) the capital account.
• D) the drawing account.

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Definitions:

Training Content

The material, information, and resources used in a training program to facilitate learning and skill development.

Bloom's Taxonomy

A framework for categorizing educational objectives into levels of complexity and specificity, ranging from basic knowledge recall to advanced evaluation and creation.

Training Objectives

Specific goals that a training program aims to achieve, often defined in terms of desired knowledge, skills, and attitudes of the participants.

Cost Vs. Benefits

Cost vs. Benefits is an analysis method that compares the costs of an action or investment against the expected benefits in order to make informed decisions.