Balance Sheet Accounts Are of Three Basic Types, Asset, Liability

question 58

Multiple Choice

Balance sheet accounts are of three basic types, asset, liability and:

• A) income.
• B) equity.
• C) expense.
• D) bank.

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Definitions:

Drug's Effects

The physiological and psychological outcomes resulting from the consumption of a pharmaceutical or recreational substance.

Continued Use

The ongoing utilization of a product, service, or practice over time.

Opiates

Substances that act on opioid receptors to produce morphine-like effects, primarily used for pain relief.

Emotional Rush

A sudden intense feeling or surge of emotions, often triggered by a specific event or experience.