Steve Owns a Bike Shop

question 4

Multiple Choice

Steve owns a bike shop.He wants to increase the number of bikes he sells each month,so he knows he needs to acquire more resources.Which of the following actions would represent an increase in the human capital resource at his bike shop?

• A) purchasing more bikes for his showroom
• B) increasing the training for his employees
• C) increasing the hours of operation
• D) increasing the size of his shop
• E) buying more bike-repair equipment

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Definitions:

Transaction Posted

The act of recording a financial transaction in the accounting records of a company.

Debit

A ledger entry contributing to the growth of assets or lessening of liabilities in a company's financial statement.

Credit

The provision of resources (such as money) by one party to another party where the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date.

Transposition Error

A common accounting mistake where numbers are mistakenly reordered, leading to inaccurate data entry.