Which of the Statements of the Rules of Debit and Credit

question 69

Multiple Choice

Which of the statements of the rules of debit and credit is true?

• A) Decrease Accounts Receivable with a credit and the normal balance is a credit.
• B) Increase Accounts Payable with a credit and the normal balance is a credit.
• C) Increase Revenue with a debit and the normal balance is a debit.
• D) Decrease Cash with a debit and the normal balance is a debit.

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Definitions:

Organizational Entity

Refers to any organizationally defined unit within a business, such as departments, divisions, teams, or any designated group of employees.

Alliance

A formal agreement or union between parties, often organizations or nations, to work together towards common goals.

Achieving Legitimacy

The process through which an organization seeks to be accepted or regarded as proper or valid within a certain context or by a specific audience.

Institutionalized

Refers to processes or norms that have been established and accepted within an organization or society as standard or proper.