Which of the Following Is True

question 72

Multiple Choice

Which of the following is true?

• A)Credits increase both revenues and expenses.
• B)Credits increase expenses and decrease revenues.
• C)Credits increase revenues and decrease expenses.
• D)Credits decrease both revenues and expenses.

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Definitions:

Assigns

In legal terms, refers to the transfer of a property right or title to another person.

Subordinated

A classification of debt that ranks below other debts with regard to claims on assets or earnings.

Judicial Remedy

Judicial processes utilized by a court to uphold a right, apply a sanction, or issue a directive to ensure compliance with its decisions.

Security Interest

A legal claim on assets which is granted to secure the performance of an obligation, typically the repayment of a loan, which gives the lender rights in the secured assets.