A(n) ________ Is a Book or Notebook or a Type

question 53

Multiple Choice

A(n) ________ is a book or notebook or a type of document found on a computer program in which one records ones expenditures.

• A) blue book
• B) ledger
• C) cash budget
• D) income statement
• E) none of the above

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Definitions:

Service Revenue

Income earned by a company for the services it has provided to its customers.

Utilities Expense

Costs incurred by a business for basic services such as electricity, water, and gas, classified under operating expenses in the income statement.

Owner's Drawings

Funds taken out of a business by the owner in a sole proprietorship or partnership for individual purposes.

Capital Account

An account showing the net worth of a business at a specific point in time, comprised of the owner's equity, investments, and retained earnings.