A Simple Account Form Widely Used in Accounting as a Tool

question 39

Multiple Choice

A simple account form widely used in accounting as a tool to understand how debits and credits affect an account balance is called a:

• A) Withdrawals account.
• B) Capital account.
• C) Drawing account.
• D) T-account.
• E) Balance column sheet.

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Definitions:

Right Livelihood

The ethical principle of engaging in work that is morally good, does not harm others, and is spiritually fulfilling.

Conscious Choice

A decision made with full awareness and attentiveness to its potential consequences and benefits.

Salary Increase

An enhancement or raise in one's pay or earnings, often as a result of job performance, promotions, or inflation adjustments.

Physical Fitness

The condition of being physically healthy and strong, especially as the result of exercise and proper nutrition.