Which Pair of Accounts Follows the Rules of Debit and Credit

question 88

Multiple Choice

Which pair of accounts follows the rules of debit and credit in relation to increases and decreases in the same manner?

• A)Dividends Payable and Rent Expense
• B)Utilities Expense and Notes Payable
• C)Prepaid Insurance and Advertising Expense
• D)Service Revenue and Equipment

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Definitions:

Identify

The process of recognizing or determining the identity of something or someone.

Role Conflict

Role conflict occurs when two or more statuses held at the same time place contradictory role demands on a person.

Contradictory Role Demands

The situation where an individual faces conflicting expectations associated with a single social position or between multiple roles.

Statuses

Social positions or roles that individuals occupy within a community, society, or organization, influencing their relationships and interactions with others.