Frank Is a Binge Drinker

question 27

Multiple Choice

Frank is a binge drinker.How is his behaviour defined?

• A)consuming ten drinks on a single occasion
• B)consuming eight drinks on a single occasion
• C)consuming five drinks on a single occasion
• D)consuming four drinks on a single occasion

---

Definitions:

Revenue

The total amount of money earned by a business from its normal business operations, before any expenses are subtracted.

Credit Balance

An accounting situation where the sum of credits in an account exceeds the sum of debits, often seen in liability and revenue accounts.

Income Summary

An account used in the closing process that aggregates all revenues and expenses to determine the overall profit or loss.

Capital

The wealth, either financial or other assets, used by an individual or business to fund operations and facilitate growth.