What Would Be the Effect on the Accounts If the Business

question 103

Multiple Choice

What would be the effect on the accounts if the business received the telephone bill but did not pay it immediately?

• A)An expense would be debited and a liability credited.
• B)Capital would be debited and Revenue credited.
• C)An expense would be debited and an asset credited.
• D)An asset would be debited and Capital credited.

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Definitions:

Physical Addiction

A physiological state of dependence on a substance, characterized by the appearance of withdrawal symptoms when the substance is not taken.

Palpitations

The sensation that the heart is racing, pounding, fluttering, or skipping beats, often experienced during anxiety or panic attacks but can also indicate heart problems.

THC Content

The concentration of delta-9-tetrahydrocannabinol, the psychoactive compound in cannabis, which determines the potency and psychoactive effects of the substance.

Flashbacks

Intense, vivid memory recollections that make a person feel like they are reliving a past experience, often associated with PTSD.