Which of the Following Types of Accounts Will Always Be

question 3

Multiple Choice

Which of the following types of accounts will always be debited to adjust for an unrecorded liability?

• A) Liabilities
• B) Revenues
• C) Receivables
• D) Expenses

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Definitions:

Logic

The systematic study of the form of arguments; a branch of philosophy dealing with the principles of reasoning and argumentation.

Appeal To Majority

A fallacy in reasoning that argues that a proposition must be true because many or most people believe it.

Fallacy

A flaw in reasoning or a mistaken belief based on unsound argumentation.

Experts

Individuals who have extensive knowledge or proficiency in a specific field.