GB 518 RANK Career Path Begins/gb518rank.com GB 518 RANK Career Path Begins/gb518rank.com | Page 41

Question 16. Question :
activity is:

An example of a financing

Buying office supplies
Obtaining a long-term loan
Buying office equipment
Selling inventory
Buying land

Question 17. Question :

A debit is:

An increase in an account
The right-hand side of a T-account
A decrease in an account
The left-hand side of a T-account
An increase to a liability account

Question 18. Question :

Risk is: