If Services Are Provided for Credit, in a Proprietorship, Then

question 143

Multiple Choice

If services are provided for credit, in a proprietorship, then

• A) assets will decrease.
• B) liabilities will increase.
• C) owner's equity will increase.
• D) liabilities will decrease.

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Definitions:

Academic Study

A systematic pursuit of knowledge involving the investigation, understanding, and discovery of new information in a specific discipline.

Twentieth Century

The period of time from 1901 to 2000, notable for rapid technological advancements and significant historical events.

Sixteenth Century

A historical period spanning from 1501 to 1600, marking significant developments in art, science, and politics.

Henri Fayol

A French engineer and management theorist who developed a general theory of business administration and is known for his 14 Principles of Management.