What Would Be the Effect on the Accounts If the Business

question 116

Multiple Choice

What would be the effect on the accounts if the business received the telephone bill but did not pay it immediately?

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

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Definitions:

Shifted

Refers to the transformation of a graph or equation that results in its movement to a different position on the coordinate plane, without altering its shape.

Coordinates

A set of values that show an exact position. On graphs, it usually refers to a pair of numbers that define a point in two-dimensional space.

Units

Standard quantities used to specify measurements.

Quadrants

The four regions of a Cartesian plane divided by the x-axis and y-axis.