Which of the Following Accounts Is a Contra Account

question 129

Multiple Choice

Which of the following accounts is a contra account?

• A)Accumulated Depreciation-Office Furniture
• B)Interest Payable
• C)Depreciation Expense-Office Furniture
• D)Unearned Revenue

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Definitions:

Growth

Refers to the increase or expansion in size, quantity, value, or scope of an entity or object, such as a business, economy, population, or personal development.

Maturity

A stage in the product lifecycle where growth slows, sales stabilize, and profit peaks before a potential decline.

Direct Marketing

Direct marketing is a type of advertising strategy that involves sending promotional materials directly to potential customers through mail, email, or other direct communication channels, without the use of intermediaries.

Customer Response Rates

A measure of how many customers respond or react to a particular marketing activity or inquiry made by a company.