Which of the Following Account Balances Increases with Credits

question 16

Multiple Choice

Which of the following account balances increases with credits?

• A)Salary expense
• B)Prepaid rent
• C)Cash sales
• D)Dividends

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Definitions:

Stopped Using

Refers to the cessation of utilizing a product, service, or process, often due to dissatisfaction, finding a better alternative, or other reasons.

Company's Services

Company's services denote the various professional, technical, or specialized tasks that a company offers to its clients or customers as part of its business operations.

Secondary Data

Information that has been previously collected by others for different purposes but is being utilized by researchers for a new study.

Seasonal Variations

Refers to fluctuations in business activity, sales, or demand that recur with the changing seasons of the year.