A Debit to a Liability Account Always Indicates

question 155

Multiple Choice

A debit to a liability account always indicates

• A) a liability has been incurred.
• B) an expense has been incurred.
• C) the liability has been decreased.
• D) a liability has been paid.

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Definitions:

Union-Free Organizations

Organizations that operate without the presence or influence of labor unions, where the employer and employees interact directly without union representation.

Major Changes

Significant modifications or alterations made to processes, systems, policies, or environments that impact the way things operate or function.

Disciplinary Actions

Measures taken by an organization to address and correct an employee's misconduct or poor performance.

Managerial Decisions

Choices or judgments made by managers that influence the direction, operations, and effectiveness of an organization.