Which Pair of the Listed Accounts Follows the Rules of Debits

question 43

Multiple Choice

Which pair of the listed accounts follows the rules of debits and credits in relation to increases and decreases in the same manner?

• A)Salaries and Wages Expense and Notes Payable
• B)Common Stock and Rent Expense
• C)Prepaid Rent and Advertising Expense
• D)Service Revenue and Equipment

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Definitions:

Cognitive

Pertains to processes related to thinking, understanding, learning, and remembering.

Environmental

Pertaining to the natural world and the impact of human activity on its condition.

Social Cognition

Refers to the processes through which people understand and make sense of others and themselves in social contexts.

Bystander Effect

A social psychological phenomenon wherein individuals are less likely to offer help to a victim when other people are present.