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:

Unforeseeable Harm

Harm or injury that could not have been anticipated or expected under normal circumstances or with reasonable foresight.

Proximate Cause

A legal concept that refers to the primary cause of an injury or damage, directly leading to the event without any intervening causes.

Possessor's Consent

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Licensee

An individual or entity that has been granted the right to use, operate under, or engage in activities protected by another's intellectual property rights.