Which of the Following Accounts Is an Owner's Equity Account

question 65

Multiple Choice

Which of the following accounts is an owner's equity account?

• A) Accrued liability
• B) Accounts payable
• C) Prepaid expense
• D) Capital

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Definitions:

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, and monitor performance against strategic goals.

Not-for-profit

Organizations that operate without the primary goal of financial profit, often focusing on social, educational, or humanitarian objectives.

All Sectors

Refers to every part of an economy, including primary (agriculture), secondary (manufacturing), and tertiary (services) sectors.

Competitors' Costs

The expenses that competitor companies incur in the production and marketing of their goods or services.