A Debit Is Used to Record Which of the Following

question 100

Multiple Choice

A debit is used to record which of the following:

• A)A decrease in an asset account.
• B)A decrease in an expense account.
• C)An increase in a revenue account.
• D)An increase in the owner's capital account.
• E)An increase in the owner's withdrawals account.

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Definitions:

Merchandise

Goods that are bought, sold, or traded, often within the context of retail.

Service Satisfaction

The level of contentment customers feel with the quality and delivery of a service, often reflecting their likelihood to use the service again.

Utilitarian Needs

Needs motivating the consumer to purchase something practical and functional.

Cycle

A sequence of events or processes that recur regularly, returning to the starting point and often leading to predictable outcomes.