Which Pair of Accounts Follows the Rules of Debit and Credit

question 144

Multiple Choice

Which pair of accounts follows the rules of debit and credit in the opposite manner?

• A)Prepaid insurance and dividends
• B)Dividends and medical fees earned
• C)Interest payable and common shares
• D)Advertising expense and land

---

Definitions:

Donee Beneficiary

A third party who benefits from a contract made between two other parties, where the intent is to benefit the third party.

Gratuitous Assignment

A transfer of rights or property without consideration or payment from the recipient.

Written Statement

A formal, documented expression of facts or opinions, which is signed and usually legally binding.

Creditor Beneficiary

A third party that benefits from a contract made between two other parties, primarily involving debt repayment.