Which of the Following Accounts Is Never Debited or Credited

question 49

Multiple Choice

Which of the following accounts is never debited or credited during the accounting period?

• A) Owner's Capital
• B) Purchases Returns and Allowances
• C) Merchandise Inventory
• D) Interest Income

---

Definitions:

Id

In psychoanalytic theory, the part of the psyche that is the source of instinctual drives and desires, operating on the pleasure principle.

Psychoanalytic Theory

A theory of personality and a method of psychotherapy, originally formulated by Sigmund Freud, that emphasizes unconscious motivations and conflicts.

Extremist

An individual with radical views or actions, especially in the context of politics or religion, that are far removed from the conventional or mainstream.

Infants

Very young children or babies, typically from birth until around 2 years of age, characterized by rapid physical and cognitive development.