Which of the Following Is an Example of a Robber

question 35

Multiple Choice

Which of the following is an example of a robber?

• A)A pick-pocket
• B)A "roller" of a child's lunch money
• C)A person who steals money when the owner is away
• D)A store clerk stealing money from a cash register

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Definitions:

Credit

Refers to the provision of goods or services with the expectation of future payment, or an accounting entry that increases liabilities or decreases assets.

Asset Accounts

Accounts on a balance sheet representing owned resources expected to provide future economic benefits.

Expense Accounts

Accounts used to record all expenditures incurred by a business during an accounting period, excluding costs of goods sold.

Debits

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in an expense on the income statement.