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

question 3

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

---

Definitions:

Tenant-Days

A metric in property management that multiplies the number of tenants by the number of days they occupy a space, useful for tracking occupancy and usage.

Planning Budget

A budget created at the beginning of a budgeting period, based on projected values and assumptions for that period.

Budgeting Formulas

The set of calculations used to estimate future income, expenses, and capital needs for a business or individual.

Administrative Expenses

Administrative expenses are the costs related to the general operation of a business, including salaries of non-production staff, office supplies, and utilities.