Increases in Owner's Equity Are Entered as Credits

question 39

True/False

Increases in owner's equity are entered as credits.

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Definitions:

Chloroplasts

Organelles found in plant cells and some algae that conduct photosynthesis, absorbing sunlight and converting it into energy while producing oxygen as a byproduct.

Cellular Respiration

The process by which cells convert glucose and oxygen into energy, carbon dioxide, and water.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water, producing oxygen as a byproduct.

Oxygen

A chemical element with symbol O, essential for cellular respiration in most living organisms and a major component of Earth's atmosphere.