An Account Used to Record the Owner's Investments in the Business

question 64

Multiple Choice

An account used to record the owner's investments in the business plus any more or less permanent changes in the equity is called a(n) :

• A) Withdrawals account.
• B) Capital account.
• C) Asset account.
• D) Expense account.
• E) Revenue account.

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Definitions:

Raising Children

The process and practices involved in promoting and supporting the physical, emotional, social, and intellectual development of a child from infancy to adulthood.

Opportunity Cost

The economic consequence of bypassing the nearest favorable option when making a choice.

Attractive Offer

A proposal or deal that is appealing and likely to be accepted by others.

Attending College

The act of being enrolled and participating in academic courses at a college or university.