Debits

question 82

Multiple Choice

Debits

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

Recognizing the components of owners' equity and its significance to a company.

Differentiating between types of liabilities on a balance sheet.

Understanding liquidity measures and their implications for a company's financial health.

Comprehending debt utilization ratios and their impact on a company’s financial structure.