In General, Debits Refer to Increases in Account Balances, and Credits

question 97

True/False

In general, debits refer to increases in account balances, and credits refer to decreases.

---

Definitions:

Colorado Springs

A city in Colorado, United States, known for its breathtaking scenery and as the location of the U.S. Air Force Academy.

Housing Market

A category of the real estate market focused on the buying, selling, and renting of living spaces such as houses and apartments.

Chocolate

A sweet, typically brown food preparation of roasted and ground cacao seeds, either in the form of a solid block or liquid.

Heart Disease

A range of conditions that affect the heart, including blood vessel diseases, coronary artery disease, heart rhythm problems, and others.