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

question 14

Multiple Choice

An account used to record the owner's investments in the business is called a(n) :

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

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Definitions:

Euro

The official currency of 19 of the 27 European Union countries, which together make up the Eurozone.

Buying Power

The capacity of an individual or company to purchase goods and services, often related to the amount of money available.

CPI

A metric known as the Consumer Price Index evaluates the overall weighted pricing of a range of consumer items and services, covering areas such as healthcare, food, and transportation.

Raise

An increase in salary or wages.