A Business Uses a Credit to Record

question 124

Multiple Choice

A business uses a credit to record:

• A)An increase in an expense account.
• B)A decrease in an asset account.
• C)A decrease in an unearned revenue account.
• D)A decrease in a revenue account.
• E)A decrease in a capital account.

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Definitions:

Uncertainty

The state of being uncertain, lacking definite knowledge or full assurance about future outcomes or situations.

Ambiguity

The quality of being open to more than one interpretation; lack of clarity or certainty in meaning.

Output

The amount of something produced by a person, machine, or industry.

Data

Information collected for reference, analysis, or computation, often structured in a way that makes it accessible and useful.