Which of the Following Groups of Accounts Increase with a Credit

question 65

Multiple Choice

Which of the following groups of accounts increase with a credit?

• A) common stock, revenues, expenses
• B) assets, common stock, revenues
• C) liabilities, common stock, revenues
• D) none of these

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Definitions:

Circular Argument

A logical fallacy in which the conclusion is assumed in one of the premises, making the argument logically invalid.

Proposition

A statement that embodies an opinion or judgment.

Composition

The act of combining parts or elements to form a whole, often used in art, music, and writing.

Wood

The hard, fibrous material forming the trunk and branches of trees or shrubs, used for construction, fuel, and numerous other purposes.