A Business Uses a Credit to Record

question 222

Multiple Choice

A business uses a credit to record:

• A)An increase in an expense account.
• B)A decrease in an asset account.
• C)A decrease in an unearned revenue account.
• D)A decrease in a revenue account.
• E)A decrease in a common stock account.

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Definitions:

Ethical Decisions

Choices made based on moral principles and values, often involving considerations of fairness, accountability, and integrity.

Job Enlargement

The grouping of a variety of tasks about the same skill level; horizontal enlargement.

Source Inspection

The practice of inspecting goods or materials at the supplier's site before they are shipped to the purchaser, to ensure they meet specified quality standards.

Inspection Goal

The predefined objectives and criteria set for quality control inspections to ensure that products meet required standards and specifications.