In Which of the Following Types of Accounts Are Increases

question 19

Multiple Choice

In which of the following types of accounts are increases recorded by credits?

• A) revenues and liabilities
• B) drawing and assets
• C) liabilities and drawing
• D) expenses and liabilities

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Definitions:

Investment Period

The investment period refers to the span of time during which an investor holds onto a particular investment, aiming for it to appreciate in value or generate income.

Future Value

The predicted value of an investment or asset at a specified future date, considering factors like interest rates or returns, often used in financial planning and analysis.

Stated Rate of Interest

The annual interest rate declared on a financial instrument, not accounting for compounding or fees.