Which of the Following Is Not True of the Terms

question 18

Multiple Choice

Which of the following is not true of the terms debit and credit?

• A) They can be abbreviated as Dr. and Cr.
• B) They can be interpreted to mean increase and decrease.
• C) They can be used to describe the balance of an account.
• D) They can be interpreted to mean left and right.

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Definitions:

Discount Rate

The discount rate that is employed to ascertain the present worth of future cash streams in a discounted cash flow assessment.

MBA Programs

Masters of Business Administration programs, advanced degrees focusing on business management, leadership, and specialized areas of study.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period, used in capital budgeting to assess the profitability of an investment.

Tuition

The fee charged by educational institutions for instruction and training services.