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

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Definitions:

Dyslexia

A learning disorder characterized by difficulty reading due to problems identifying speech sounds and learning how they relate to letters and words.

Reading Proficiency

The ability to read text, understand its meaning, and integrate what has been read with existing knowledge.

General Intelligence

A theoretical measure of an individual's overall mental capability to understand complex ideas, adapt effectively to the environment, learn from experience, engage in various forms of reasoning, and overcome obstacles by taking thought.

Language Disorder

A type of communication disorder characterized by difficulties in acquiring and using language due to problems with comprehension or production.