Which One of the Following Is Not a Contra Account

question 8

Multiple Choice

Which one of the following is not a contra account?

• A)Purchase Returns and Allowances
• B)Accumulated Depreciation
• C)Transportation-in
• D)Sales Discounts

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Definitions:

Wealthy Investors

Individuals or entities with a significant amount of capital or assets available to invest, often seeking to grow their wealth through strategic investment opportunities.

Corporate Form

A business structure recognized by law as a separate legal entity from its owners, allowing it to own property, enter contracts, and incur liabilities.

Social Responsibility

The obligation of individuals or organizations to act in a way that benefits society at large, beyond their own interests or profit.

Serial Entrepreneurship

The practice of starting new businesses one after another, often moving from one interest or opportunity to another.