A Decrease in a Liability Is Recorded by a Debit

question 118

True/False

A decrease in a liability is recorded by a debit.

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Definitions:

Sympathetic Nerves

Part of the autonomic nervous system that often prepares the body for rapid action in response to stress by accelerating the heart rate and increasing blood pressure, among other functions.

Parasympathetic

The branch of the autonomic nervous system that conserves energy as it slows the heart rate, increases intestinal and gland activity, and relaxes sphincter muscles.

Forebrain

The anterior part of the brain that includes the cerebral hemispheres, thalamus, and hypothalamus, important for complex behaviors, emotion, memory, and thought.

Cerebellum

A region of the brain that plays a significant role in motor control, and also contributes to cognitive functions such as attention and language.