The Owner's Capital Account Is a Separate Account in the ________

question 51

Multiple Choice

The Owner's Capital account is a separate account in the ________ category of the accounting equation.

• A)equity
• B)asset
• C)liability
• D)revenue

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Definitions:

Recognition

The cognitive process of identifying information as being familiar, such as objects, situations, or people.

Savings

A concept in psychology referring to the amount of time or effort saved in relearning material compared to the initial learning.

Implicit Memories

Implicit memories are memories that influence our behavior and knowledge without conscious awareness.

Explicit Memories

Memories that can be consciously recalled, such as facts and events.