Which of the Following Is NOT True About an Asset

question 116

Multiple Choice

Which of the following is NOT true about an asset?

• A) Its normal balance is a debit.
• B) To increase an asset a debit entry would be made.
• C) To increase it, a credit entry should be made.
• D) To decrease it, a credit entry should be made.

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Definitions:

Cultural Issues

Concerns related to the values, beliefs, practices, and customs of a society that affect individuals and groups, particularly in contexts of diversity and interaction.

Cross-Cultural Fairness

The quality of being impartial and equitable across different cultures, especially in the context of assessments or tests to ensure they are free of cultural bias.

Informal Assessment Techniques

Methods used to gather information in a non-standardized manner, often through observation or conversation, for the purpose of understanding an individual's abilities or progress.

Objective Measures

Quantifiable assessments that minimize bias and subjectivity, often used in research and evaluation.