Which of the Following Is Not a Correct Match

question 118

Multiple Choice

Which of the following is not a correct match?
1. Incurs costs
2. Generates revenue
3. Controls investment funds

• A)Investment Center........... 1, 2, 3
• B)Cost Center...................... 1
• C)Profit Center..................... 1, 2, 3
• D)All are correct matches.

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Definitions:

Debit Balance

An accounting term indicating that a particular account has more debits than credits, often referring to an account's overall debt or expenditure.

Credit Balance

In accounting, it refers to the balance on the right side of a ledger account, indicating the amount that a company owes or liabilities.

Revenue Account

An account that tracks the income generated from normal business operations, including the sale of goods and services.

Cash Flow from Operating Activities

A section of the cash flow statement that shows the cash generated or consumed by a company in its core business operations.