Which of the Following Rules Is Incorrect

question 58

Multiple Choice

Which of the following rules is incorrect?

• A) Credits decrease the dividends account.
• B) Debits increase the common stock account.
• C) Credits increase revenue accounts.
• D) Debits decrease liability accounts.

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Definitions:

Proposed Legislation

Laws or regulations that have been suggested and are under consideration by a legislative body but have not yet been enacted or passed.

Political Strategies

Plans and tactics employed to gain political power or achieve political objectives.

Formulating

The process of creating or devising a strategy or plan, often involving careful thought and consideration.

Implementing

Refers to the process of putting plans or strategies into operation.