Which of the Following Statements Is True

question 124

Multiple Choice

Which of the following statements is true?

• A)Debits increase assets and increase liabilities.
• B)Credits decrease assets and decrease liabilities.
• C)Credits decrease assets and increase liabilities.
• D)Debits increase liabilities and decrease assets.

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Definitions:

Nonpersonal Presentation

Presentation methods where information about products or services is conveyed to potential customers through indirect means, such as advertisements or digital media, without direct interpersonal communication.

Price Reductions

A strategic decrease in the selling price of products or services, typically to drive sales volume, clear inventory, or respond to competitive market pressures.

Rebates

A partial refund to someone who has paid too much for tax, rent, or a utility, or as a promotional incentive offered by manufacturers or retailers after purchase.

Samples

Small quantities or instances of a product or material used for testing, evaluation, or demonstration purposes to gauge its characteristics or the population’s response.