When You Look Out the Window of a Car That

question 83

Multiple Choice

When you look out the window of a car that is travelling 100 kilometres per hour,close objects appear:

• A)to be moving faster than far ones.
• B)to be moving slower than far ones.
• C)to be moving at the same speed as far ones.
• D)to be stationary and the far ones appear to be moving in the opposite direction as the car.

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Definitions:

Debit Balance

The condition where the total debits exceed the total credits in an account, typically indicating assets or expenses.

Credit Balance

A balance in a financial account that indicates the amount of money owed to a creditor or the account holder; it is the opposite of a debit balance.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances from temporary accounts to permanent accounts, preparing the books for the next period.

Temporary Accounts

Revenue, expense, and drawing accounts that are closed to the owner’s capital account at the end of the accounting period.