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:

Temporal Lobe

A region of the cerebral cortex responsible for processing auditory information and memory storage.

Visual Information

Visual Information includes the elements that are perceived through the sense of sight, encompassing both static and dynamic visuals.

Permanent Memory

Often referred to as long-term memory, it is the phase or type of memory responsible for the storage of information for an extended period.

Hypothalamus

A region of the brain that controls an immense number of bodily functions, including regulation of hunger, thirst, temperature, and emotional activity.