Which of the Following Account Titles Could Not Be Debited

question 80

Multiple Choice

Which of the following account titles could 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:

Federal Judiciary

The branch of the United States government responsible for interpreting the law, consisting of the Supreme Court and lower federal courts.

Executive Branch

The branch of government responsible for implementing, supporting, and enforcing the laws made by the legislative branch and interpreted by the judiciary.

Congress

The national legislative body of the United States, consisting of the Senate and the House of Representatives.

Equity Court

A type of court that decides cases based on fairness and moral principles, rather than strict adherence to statutory laws.