Identify the Correct Classification for the Following Four Ledger Accounts

question 15

Multiple Choice

Identify the correct classification for the following four ledger accounts:

• A) 1 expense, 2 expense, 3 asset, 4 expense.
• B) 1 expense, 2 liability, 3 revenue, 4 liability.
• C) 1 asset, 2 liability, 3 revenue, 4 liability.
• D) 1 asset, 2 liability, 3 asset, 4 liability.

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Definitions:

Taste Buds

Sensory organs located on the tongue and other parts of the mouth that are responsible for perceiving different tastes.

Papillae

Small, nipple-like structures on the surface of the tongue containing taste buds, involved in the sensation of taste.

Gate-Control Theory

The gate-control theory is a scientific theory proposing that the spinal cord contains a neurological "gate" that either blocks pain signals or allows them to continue to the brain.

Sensory Nerves

Nerves that transmit sensory information from the body's periphery to the central nervous system for processing.