Which of the Following Owner's Equity Accounts Follows the Same

question 139

Multiple Choice

Which of the following owner's equity accounts follows the same debit and credit rules as liabilities?

• A) Expense accounts only
• B) Drawing accounts only
• C) Revenues accounts only
• D) Expenses and drawing accounts

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Definitions:

Intellectual Stimulation

Activities or interactions that challenge and enhance cognitive and creative abilities.

Management By Exception

Leadership that involves the leader taking corrective action on the basis of the results of leader–follower transactions.

Corrective Actions

Steps taken to rectify a process, issue, or behavior that deviates from the set standard, aiming to prevent recurrence of the deviation.

Anticipates Problems

The ability to foresee and address issues before they manifest into significant challenges.