Which of the Following Statements Regarding Debits and Credits Is

question 68

Multiple Choice

Which of the following statements regarding debits and credits is always true?

• A)Debits decrease accounts while credits increase them.
• B)The total value of all debits recorded in the ledger must equal the total value of all credits recorded in the ledger.
• C)The total value of all debits to a particular account must equal the total value of all credits to that account.
• D)A debit balance of $500 in the cash account means that cash receipts exceeded cash payments by $500.

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Definitions:

Depression

A common but serious mood disorder that affects how you feel, think, and handle daily activities, leading to emotional and physical problems.

Prozac, Paxil, Zoloft

Brands of selective serotonin reuptake inhibitors (SSRIs) used in the treatment of depression and other mood disorders.

Drug Treatment

The use of medication to manage or cure a disease or condition, or to relieve its symptoms.

Electroconvulsive Therapy (ECT)

A psychiatric treatment that involves inducing seizures in patients using electrical currents to treat severe mental disorders.