What Would Be the Effect on the Accounts If the Owner

question 109

Multiple Choice

What would be the effect on the accounts if the owner invested cash into the business?

• A) An asset would be debited and Capital credited.
• B) Withdrawals would be debited and an asset credited.
• C) An asset would be debited and a revenue credited.
• D) A Revenue would be debited and Capital credited.

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Definitions:

Type II Error

A statistical error that occurs when a false null hypothesis is not rejected, missing an actual effect or difference.

Sample Size

The number of observations or data points in a statistical sample.

Test Power

The probability of correctly rejecting the null hypothesis, effectively detecting an actual effect when it truly exists.

Type II Error

A statistical error made by failing to reject a false null hypothesis (a false negative).