An Owner Invests $20,000 in Her New Business by Depositing

question 97

Multiple Choice

An owner invests $20,000 in her new business by depositing the cash in the business's checking account.Which account is credited?

• A) Accounts receivable
• B) Cash
• C) Capital
• D) Accounts payable

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Definitions:

Gustation

The sense of taste, one of the five traditional senses, which detects the chemical composition of substances through taste buds.

Taste Buds

Structures, located in papillae on the tongue, that contain the sensory receptors called taste receptors.

Tongue

A muscular organ in the mouth of most vertebrates that manipulates food for mastication and is used in the act of swallowing and articulating speech.

Gustation

The sense of taste or the act of tasting.