What Types of Account Balances Are Increased by Credits

question 1

Multiple Choice

What types of account balances are increased by credits?

• A) Liabilities and expenses
• B) Liabilities and revenues
• C) Revenues and expenses
• D) Owners' equity and expenses
• E) Assets and Liabilities

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Definitions:

Voltage Spikes

Sudden increases in electrical voltage that can potentially cause damage to electronic devices and components.

Circuitry Damage

Damage to the electrical pathways in a device that can interrupt the flow of electricity and impair functionality.

Microprocessors

Small, powerful processors that perform calculations and manage the operations of a computer or specialized hardware device.

12-volt Chassis Voltage System

An electrical system in vehicles that operates on 12 volts, powering essential components like lights, ignition system, and accessories.