Which Pair of the Listed Accounts Follows the Rules of Debits

question 43

Multiple Choice

Which pair of the listed accounts follows the rules of debits and credits in relation to increases and decreases in the same manner?

• A)Salaries and Wages Expense and Notes Payable
• B)Common Stock and Rent Expense
• C)Prepaid Rent and Advertising Expense
• D)Service Revenue and Equipment

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Definitions:

Medical Services

Professional health care services provided by doctors, nurses, and other health professionals to diagnose, treat, and prevent illness.

Implied Term

A condition or element not expressly mentioned in a contract but assumed to be included by virtue of the nature of the agreement or the circumstances under which it was made.

Second-Hand Dealer

A business or individual that buys and sells used goods.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a debt.