Double-Entry Accounting Systems Revolve Around All but Which of the Following

question 66

Multiple Choice

Double-entry accounting systems revolve around all but which of the following types of accounts?

• A) asset
• B) liabilities
• C) owner's equity
• D) expense

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Definitions:

Social Laws

Rules or regulations designed to govern behavior within a society, aiming to maintain order and protect citizens' rights and welfare.

Contingent Reward

A form of motivation dependent upon the achievement of a certain condition or set of criteria.

Organizational Commitment

A psychological state that characterizes an employee's relationship with their organization, reflecting their loyalty and willingness to remain part of it.

Subordinate

An individual who is under the authority or control of another person within an organizational hierarchy.