Liabilities Are Increased with Debits and Decreased with Credits

question 134

True/False

Liabilities are increased with debits and decreased with credits.

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Definitions:

Magic Lanterns

Early projection devices used before the advent of cinema, capable of projecting painted images onto a surface, often used for entertainment and educational purposes.

Motion Toys

Mid-nineteenth century devices that facilitated the viewing of multiple moving images. See also thaumatrope; phenakistoscope; zoetrope; praxinoscope.

Sound on Disc

An early method of providing synchronized sound to silent films using records played in conjunction with the film's projection, before the advent of sound-on-film technology.

Photographic Gun

A device designed in the early history of photography to capture images quickly, resembling the operation of a gun.