Which of the Following Is Not a Correct Rule of Debits

question 8

Multiple Choice

Which of the following is not a correct rule of debits and credits?

• A) Assets, expenses, and withdrawals are increased by debits.
• B) Assets are decreased by credits and have a normal debit balance.
• C) Liabilities, revenues, and owner's equity are increased by credits.
• D) The normal balance for revenues and expenses is a credit.

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Definitions:

Left Africa

Refers to the migration of Homo sapiens out of Africa approximately 60,000 to 80,000 years ago, leading to the eventual global distribution of humans.

Monophyletic

Describes a group of organisms that are classified in the same taxon and share a common ancestor.

Polyphyletic

Describes a taxonomic group that does not share an immediate common ancestor and therefore does not form a clade.

Clade

A single “branch” in the tree of life; each clade represents an organism and all of its descendants.