Questions Containing Words Such as Always, Never, and Only

question 31

Multiple Choice

Questions containing words such as always, never, and only

• A) tend to be true.
• B) are always true.
• C) tend to be false.
• D) are always false.

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Definitions:

Expense Account

An account that tracks money spent or costs incurred in an organization's efforts to generate revenue, representing the cost of doing business.

Credit Balance

The amount that appears on the right side of a ledger account, indicating that a liability has increased or an asset has decreased.

Debt Ratio

The debt ratio is a financial ratio that compares a company's total debt to its total assets, indicating the proportion of a company's funding that comes from debt.

Total Assets

Total assets refer to the sum of all current and non-current assets owned by a company, reflecting the total resources available for use.