The personification theory of accounting treats accounts as:
This English question involves literary analysis, grammar, or writing skills. The detailed response below provides a well-structured answer with supporting evidence and clear explanations.
ScanSolve AI Answer
The personification theory of accounting treats accounts as:
C. Persons with human qualities
The personification theory views accounts as if they were persons. For example, a debtor account is treated as a person who owes money, and a creditor account as a person to whom money is owed. This approach helps in understanding the rules of debit and credit, especially for personal accounts.
The correct option is C.
The rule "debit him that receives" is associated with:
B. Personification theory
This rule is a direct application of the personification theory. In this theory, accounts are treated as persons, and transactions are viewed as interactions between these "persons." Therefore, when a "person" (account) receives something, that account is debited.
The correct option is B.
