The Account Used to Record Increases in Owner's Equity from the Sale

question 80

Multiple Choice

The account used to record increases in owner's equity from the sale of goods or services is

• A) the revenue account.
• B) the Cash account.
• C) the capital account.
• D) the drawing account.

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Definitions:

Prone

A body position where the individual is lying face down, opposite of supine.

Supine

A position of laying on the back with the face upward, used in various medical and therapeutic settings.

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