Questions That Invite Rather Than Demand Answers and Provide Clients

question 4

Multiple Choice

Questions that invite rather than demand answers and provide clients substantial freedom in determining the amount and type of information to give are known as ________ questions.

• A)closed
• B)leading
• C)neutral
• D)open

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Definitions:

Owner's Drawings

Withdrawals of a business's cash or other assets by the owner for personal use.

Expense Accounts

Accounts used to record business expenses, which reduce net income in the profit and loss statement.

Income Summary

An account used in the closing process that summarizes revenues and expenses to determine the net income or loss for a period.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, recorded on the left-hand side.