A Debit to a Liability Account Always Indicates

question 155

Multiple Choice

A debit to a liability account always indicates

• A) a liability has been incurred.
• B) an expense has been incurred.
• C) the liability has been decreased.
• D) a liability has been paid.

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Definitions:

Nominal Scale

A measurement scale used for categorization without a natural order or rank.

Numeric

Relating to, measurable in, or expressed as numbers or numerical data.

Nonnumeric

Pertaining to data that cannot be quantified or counted numerically, typically qualitative data.

Body Temperature

The measure of the body's warmth, typically averaged to about 37°C (98.6°F) in humans, but can vary based on various factors.