In Accordance with the Debit and Credit Rules, Which of the Following

question 123

Multiple Choice

In accordance with the debit and credit rules, which of the following is true?

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

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Definitions:

Product Assortments

The range or variety of product lines and individual products that a company offers for sale to its target market.

Channel Intermediaries

Businesses or individuals that act as intermediaries within the distribution channel, facilitating the movement of goods from manufacturers to consumers.

Logistical Function

Refers to the planning, implementation, and controlling of efficient and effective flow and storage of goods, services, and related information.

Transactional Functions

The activities involved in the buying and selling process, including pricing, promotion, and distribution.