An Expense Account Is a Subdivision of the Retained Earnings

question 29

True/False

An expense account is a subdivision of the retained earnings account and decreases shareholders' equity.

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Definitions:

Injection

A method of delivering liquids into the body, usually using a syringe and needle, directly into the bloodstream, muscle, or skin.

Paperwork

The written or printed documents and records that are necessary for formal or administrative purposes.

Communication Circle

A method or model of communication involving a sender, message, receiver, and feedback that ensures information is effectively relayed and understood among participants.

Feedback

The return of information about the result of a process or activity, an important component for systems regulation and learning.