Expenses Follow the Same Debit and Credit Rules as

question 76

Multiple Choice

Expenses follow the same debit and credit rules as

• A) revenues
• B) the drawing account
• C) the capital account
• D) liabilities

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Definitions:

Preferences

An indication of the comparative liking, desires, or tastes of consumers for one good or service over another.

Parallel

In mathematics and computing, it refers to lines that remain the same distance apart and never meet, or processes occurring simultaneously.

Transitive Preferences

A condition in decision-making where if an individual prefers option A over B, and B over C, then they must also prefer A over C.

Characteristics

Distinctive features or qualities that define a person, object, or phenomenon.