Which Pair of the Listed Accounts Follows the Rules of Debits

question 120

Multiple Choice

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

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

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Definitions:

Business Ethics

moral principles and standards that guide behavior in the world of commerce, influencing company policies and practices.

Profit Motive

The intent to engage in activities or transactions for the purpose of earning financial gain or profit.

Business Ethics

An area of practical ethics focused on analyzing moral dilemmas and ethical concerns emerging within business settings.

Ethics Of Care

The ethical theory that emphasizes human interaction, holding that what makes a decision ethical is how well it builds and promotes human relationships.