Which of the Following Types of Entries Would NOT Usually

question 98

Multiple Choice

Which of the following types of entries would NOT usually be made?

• A) A credit to an asset account, a debit to a liability account
• B) A debit to an asset account, a credit to a liability account
• C) A debit to an asset account, a credit to an owners' equity account
• D) A debit to an asset account, a debit to a liability account

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Definitions:

Core Attributes

The fundamental qualities or characteristics that define an entity or concept, central to its identity or function.

Social Impact

The effect that other people have on our attitudes and behaviour, usually as a consequence of factors such as group size, and temporal and physical immediacy.

Convergent-Divergent Theory

explores the ability to generate multiple solutions to a problem (divergent thinking) versus the ability to find the single best solution (convergent thinking).

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.