An Accountant Has Debited an Asset Account for $3,000 and Credited

question 18

Multiple Choice

An accountant has debited an asset account for $3,000 and credited a revenue account for $6,000.What can be done to complete the recording of the transaction?

• A)Nothing further can be done.
• B)Credit a shareholders' equity account for $3,000.
• C)Debit another asset account for $3,000.
• D)Credit another asset account for $3,000.

---

Definitions:

World of Becoming

In Plato’s metaphysics, the world we live in, the world of change and objects perceived by the senses.

World of Being

In Plato’s metaphysics, the world of ideal Forms, a world that is unchanging, a world we can know only through reason.

Berkeley

Represents George Berkeley, an 18th-century philosopher known for his theory of immaterialism, arguing that material objects exist only in the mind and through perception.

Esse Est Percipi

A Latin phrase meaning "to be is to be perceived," associated with George Berkeley's idealist philosophy which argues that objects only exist to the extent that they are perceived.