Which of the Following Would Start with a 1 in the Chart

question 80

Multiple Choice

Which of the following would start with a 1 in the chart of accounts?

• A)Land and Buildings
• B)Depreciation Expense and Marketing Expense
• C)Merchandise Sales and Rent Revenue
• D)Common Stock and Dividends

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Definitions:

Supermarket

A large retail market that sells food and other household goods and is typically part of a chain or franchise.

Retail Business

Enterprises that sell goods directly to consumers, typically through physical stores or online platforms, involving direct interaction with end-users.

Business Revenues

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Obtain Resources

The act of securing the assets, finances, or materials required by a business or organization to operate and achieve its objectives.