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:

Silver

A precious metal with the chemical symbol Ag and atomic number 47, known for its high conductivity, malleability, and antibacterial properties.

Selenium

a chemical element with symbol Se and atomic number 34, known for its role in antioxidant enzymes and its toxicity in large amounts.

Atomic Symbol

A notation of one or two letters representing a chemical element (e.g., O for oxygen, Ag for silver).

Tungsten

A chemical element known for having the highest melting point of all the non-alloyed metals, making it excellent for use in high-temperature applications.