Which of the Following Is Correct, Assuming the Following Transaction

question 73

Multiple Choice

Which of the following is correct, assuming the following transaction: R. Dirk invested $20,000 cash in the business.

• A) Cash is debited.
• B) Cash is credited.
• C) R. Dirk, Capital is debited.
• D) Income from Services is credited.

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Definitions:

Direct-Mail Advertising

A marketing strategy that involves sending promotional materials or correspondence directly to potential customers through postal mail.

Trial Sample

A small quantity of a product distributed for free or at a minimal cost to consumers for the purpose of testing its effectiveness or appeal.

Questionnaire

A set of structured questions used for gathering information or opinions from individuals.

Shelf Space

The amount of area or space available for products to be displayed in stores; critically important for product visibility and sales.