Which of the Following Account Titles Would Not Be Debited

question 60

Multiple Choice

Which of the following account titles would not be debited in the process of preparing closing entries for Andrew's Auto Shop?

• A)Income Summary.
• B)Fees Earned.
• C)Dividends.
• D)Retained Earnings.

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Definitions:

Internal Colonialism

The practice of unequal power and economic relations within a country, often leading to the exploitation of minority groups within the dominant national culture.

Aboriginal People

Indigenous peoples native to a land or region, especially referring to the First Nations, Inuit, and Métis peoples of Canada.

Consciousness

Being cognizant and able to reflect on one's own life, feelings, thoughts, setting, and personal experiences.

Mental Processes

Internal cognitive operations that include thinking, perceiving, decision-making, problem-solving, and remembering.