A Credit Is Used to Record

question 12

Multiple Choice

A credit is used to record

• A) a decrease in an expense account
• B) a decrease in an asset account
• C) an increase in an unearned revenue account
• D) an increase in a revenue account
• E) All of these

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Definitions:

PR Professionals

Individuals skilled in managing and enhancing the public image and relationships of organizations or individuals.

Corporate Actions

Decisions taken by a company’s board of directors or management that impact the firm's equity or financial instruments, such as dividends, mergers, or stock splits.

PR Disaster

A situation where poor handling of public relations causes significant harm to a brand's or individual's reputation.

Crisis Communication

A sub-discipline of public relations aimed at protecting and defending an individual, company, or organization facing a public challenge to its reputation.