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.

---

Definitions:

Mollusca

A large phylum of invertebrate animals that includes snails, slugs, mussels, and octopuses, characterized by a soft body that in many species is enclosed by a hard shell.

Clams

Aquatic mollusks with a shell that is divided into two parts, known for living buried in sand or mud and being a source of food for various predators, including humans.

Octopuses

Cephalopod mollusks with eight arms, known for their intelligence, ability to change color, and escape skills.

Earthworms

Terrestrial invertebrates that play a key role in soil aeration and nutrient recycling through their burrowing actions.