In Which of the Following Types of Accounts Are Decreases

question 12

Multiple Choice

In which of the following types of accounts are decreases recorded by credits?

• A) liabilities
• B) owner's capital
• C) drawing
• D) revenues

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Definitions:

Income Inequality

The unequal distribution of income among the population of a region, leading to disparities in living standards and economic opportunities.

Western Industrialized Nation

Countries typically located in the Western hemisphere that are characterized by a high level of industrialization, technology, and economic development.

England

A country that is part of the United Kingdom, known for its rich history, cultural heritage, and as the birthplace of the English language.

United States

A country in North America comprising 50 states, a federal district, five major self-governing territories, and various possessions.