There Are Three Basic Types of Balance Sheet Accounts

question 22

Multiple Choice

There are three basic types of balance sheet accounts. They are:

• A) income, expense and drawings.
• B) asset, expense and equity
• C) asset, liability and equity.
• D) bank, debtors and creditors.

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Definitions:

Dramaturgy

A sociological perspective that views social interactions as theatrical performances, where individuals play roles and manage impressions before others.

Symbolic Interaction

A sociological perspective focusing on the ways in which individuals interpret and give meaning to symbols, objects, and interactions within their social world.

Social Action

Actions taken by individuals or groups that are informed by societal contexts, meanings, and intentions towards others.

Symbolic Objects

Items that carry specific meaning and represent ideas or concepts in the context of culture or society.