A Credit Decreases the Balance of Which Types of Accounts

question 74

Multiple Choice

A credit decreases the balance of which types of accounts?

• A) assets and shareholders' equity
• B) liabilities and expenses
• C) assets and liabilities
• D) expenses and assets

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Definitions:

Middle-Class Values

A set of social and cultural beliefs often associated with the middle class, such as the importance of education, hard work, responsibility, and the pursuit of happiness.

Terminal Values

Fundamental beliefs or goals that an individual strives to achieve over a lifetime.

Affiliation Needs

Occur in people who want to be accepted and liked by others.

Ambition

A strong desire to achieve success, power, or fame, often driving individuals to pursue goals with determination.