A Credit to a Liability Account

question 27

Multiple Choice

A credit to a liability account

• A) indicates an increase in the amount owed to creditors.
• B) indicates a decrease in the amount owed to creditors.
• C) is an error.
• D) must be accompanied by a debit to an asset account.

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Definitions:

Antiinflammatory Drugs

Medications designed to reduce inflammation, which can lead to improved function and decreased pain in conditions like arthritis.

Muscle Stimulants

Substances or drugs that increase muscle activity, strength, or tone.

Povidone-Iodine

An antiseptic used for skin disinfection before and after surgery, and for treating and preventing infections in wounds.

Chlorhexidine

An antiseptic and disinfectant agent used in various products to reduce bacterial counts on the skin and in the mouth.