A Shell Canada Gas Station Is Located on a National

question 82

Multiple Choice

A Shell Canada gas station is located on a national highway.This is an example of _____ utility.

• A)time
• B)place
• C)possession
• D)form

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Definitions:

General Journal

A comprehensive record of financial transactions over the life of a company, listed in chronological order.

Assets

Resources owned by a company or individual that have economic value and can provide future benefits.

Debits

Accounting entries that increase assets or expenses and decrease liabilities, equity, or revenue.

Credits

Entries that increase liabilities, revenues, or equity, or decrease assets or expenses in accounting.