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:

Inputs

Resources such as labor, materials, and capital that are used in the production process to create goods or services.

Output

The total quantity of goods or services produced within a given period by a firm, industry, or country.

Population Growth Rates

Measures the increase in a population's size within a specific time frame, considering factors such as births, deaths, and migration.

Educational Attainment

The highest level of education an individual has completed, which can affect employment opportunities and income levels.