Different types of general ledger accounts

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Which of the following statements is true regarding the different types of general ledger accounts?

a) One type of business expense is an owner withdrawal of equity.

b) When a company receives money as payment for goods sold, it increases its accounts receivable.

c) An employee using a company credit card creates an account payable.

d) Building rent for the month of December that will be paid on December 15th is an example of an accrued liability.

Reference no: EM13146156

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