Credit Entries Are Used to

question 146

Multiple Choice

Credit entries are used to

• A)increase asset accounts.
• B)increase liability accounts.
• C)increase expense accounts.
• D)increase dividends.

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Definitions:

Stare Decisis

A legal principle that obligates courts to follow historical cases when making a ruling on a similar current or future case.

Predictability

The ability to accurately forecast future events or outcomes based on current or past information.

Judicial Decisions

Rulings made by courts interpreting and applying laws in specific cases, which can influence future legal actions.

Legislative Branch

One of the three branches of government responsible for creating and enacting legislation or laws.