Humus

question 60

Multiple Choice

Humus:

• A) is the material always comprising the topmost soil horizon.
• B) is dark, organic-rich material formed by bacterial decay.
• C) is leaf-litter.
• D) must include sediments.
• E) none of the above

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Definitions:

Credit

An accounting entry that increases a liability or equity account or decreases an asset or expense account, reflecting the opposite of a debit.

Basic Accounting Equation

Assets = Liabilities + Stockholders’ Equity.

Assets

Resources owned by a business or individual that have economic value and can be converted into cash.

Liabilities

Financial obligations owed by a business to others, such as loans, accounts payable, mortgages, deferred revenues, or bonds.