Revenues and Expenses Are Two Categories of ________ Accounts

question 79

Short Answer

Revenues and expenses are two categories of ________ accounts.

---

Definitions:

Income Inequality

An uneven spread of income among entities like individuals or households participating in an economy.

Wealth

The abundance of valuable resources or material possessions or the control of such assets.

Social Insurance

A government-sponsored program that provides financial protection to individuals against economic risks such as unemployment, disability, and old age.

Public Assistance

Government programs designed to provide financial aid, healthcare, food, and housing support to individuals and families in need.