Choose the Word or Phrase in [ ] Which Will

question 101

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement.Select "a" for the first item,"b" for the second item,and "c" if neither item will correctly complete the statement.
-If you drive a lot of miles each year rather than a few,the operating cost per mile will [increase | decrease].

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Definitions:

Posting

The process of recording financial transactions in the ledger of an accounting system.

Debits

Entries on the left side of an accounting ledger, representing increases in assets or expenses and decreases in liabilities, equity, and income.

Laser Equipment

High-precision tools that use laser technology for various applications, including cutting, engraving, and marking materials.

Unearned Revenue

Income received by an entity for services not yet provided or goods not yet delivered, reflecting a liability until fulfilled.