Which of the Following Is NOT True About an Asset

question 116

Multiple Choice

Which of the following is NOT true about an asset?

• A) Its normal balance is a debit.
• B) To increase an asset a debit entry would be made.
• C) To increase it, a credit entry should be made.
• D) To decrease it, a credit entry should be made.

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Definitions:

Geographically Disperse

Describes entities, such as employees or resources, that are spread out across a wide geographic area.

Organizational Context

The environment or setting in which a company or entity operates, including its culture, structure, and external influences.

Collective Responsibility

The principle or practice of holding a group collectively accountable for the actions and consequences of its members.

Commitment to Goals

A strong determination to achieve specified aims or objectives.