A Payment on Account Decreases

question 199

Multiple Choice

A payment on account decreases

• A) assets and equity.
• B) liabilities and equity.
• C) assets and liabilities.
• D) assets, liabilities and equity.

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Definitions:

Filtering

The process of screening, selecting, or reducing information to manage what is passed through to avoid information overload or to emphasize certain data.

Negative Feedback

A process or response where the results of a behavior or action are used to decrease or dampen further occurrence of that behavior or action.

E-mail

A method of sending messages electronically from one computer user to another, typically via the internet.

Written Communication

The process of conveying information or expressing ideas through the writing of symbols, words, or sentences.