Which One of the Following Statements Regarding the Debit/credit Processing

question 105

Multiple Choice

Which one of the following statements regarding the debit/credit processing of revenues and expenses is true?

• A)Debits reduce expenses.
• B)The total credits recorded in revenue accounts must equal the total debits recorded in expense accounts.
• C)Across all revenue accounts,the total value of all debits must equal the total value of all credits.
• D)Credits increase revenues.

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Definitions:

Conscious Memory

The aspect of memory that involves the intentional recall of information and experiences that one can consciously declare or "know."

Retrieval Cues

Stimuli or signals that help in the recall of memories stored in long-term memory.

Iconic Memories

A type of visual memory that lasts very briefly, usually no more than a split second.

Priming

A technique in psychology used to train people's memory in both positive and negative ways by presenting them with one stimulus to influence their response to another stimulus.