An Increase in an Expense Results in an Increase in Owner's

question 13

True/False

An increase in an expense results in an increase in owner's equity.

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Definitions:

Pre-Socratic Materialists

Early Greek philosophers who believed that the physical world is composed entirely of matter without the influence of supernatural forces.

Ultimate Reality

A concept in various philosophical and religious traditions referring to the most fundamental nature of existence, beyond which no further causal explanation can be sought.

Anaximander

An early Pre-Socratic philosopher from Miletus in Ionia, notable for his work in cosmology, geography, and biology.

Descartes

René Descartes, a 17th-century French philosopher, mathematician, and scientist, known for his statement "Cogito, ergo sum" (I think, therefore I am) and his contributions to modern philosophy and the development of rationalism.