Which of the Following Rules Is Incorrect

question 171

Multiple Choice

Which of the following rules is incorrect?

• A) Credits decrease the drawing account.
• B) Debits increase the capital account.
• C) Credits increase revenue accounts.
• D) Debits decrease liability accounts.

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Definitions:

U.S.

A country in North America, officially known as the United States of America, characterized by a federal republic governance structure.

Militant Union

A labor union known for its aggressive strategies and actions, such as strikes and protests, to assert workers' rights and demands.

Knights of Labor

A 19th-century labor organization in the United States that advocated for the rights of workers, including better pay and working conditions.

Strikes

A work stoppage initiated by employees to protest against their employer's policies or practices, often organized by unions.