To Increase a Liability Account, the Account Is

question 105

Multiple Choice

To increase a liability account, the account is

• A) debited.
• B) credited.
• C) posted.
• D) journalized.

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Definitions:

China's Agricultural Land

Refers to the area within China designated for farming activities, playing a critical role in the country's food security and economic development.

Private Sector

The part of an economy that is run by individuals and companies for profit, as opposed to being controlled by the government.

Market Oriented

An economic system or approach that prioritizes supply and demand as the primary forces in the market, promoting free competition among businesses.

Pure Capitalist Economy

An economic system characterized by private ownership of the means of production and the absence of government intervention in the market.