Which of the Following Group of Accounts Are Increased with a Debit

question 55

Multiple Choice

Which of the following group of accounts are increased with a debit?

• A) assets, liabilities, owner's equity
• B) assets, drawing, expenses
• C) assets, revenues, expenses
• D) assets, liabilities, revenues

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Definitions:

Prospector

In a business context, this term refers to companies that focus on innovation, seeking out new markets and opportunities, and being among the first to bring new products or services to market.

Operational Planning

The process of developing detailed, short-term plans that guide an organization's resources towards achieving strategic objectives.

Strategic Planning

Strategic planning is the process of defining an organization's direction and making decisions on allocating its resources to pursue this strategy, including its capital and people.

Self-Improvement

The pursuit of personal growth by improving one's abilities, knowledge, and qualities.