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:

Happiness Concern

The issue or focus on understanding what factors contribute to human happiness and well-being.

Human Flourishing

A concept in moral philosophy that relates to living well and realizing one's full potential through ethical and virtuous actions.

Golden Mean

Aristotle's concept of finding the desirable middle between two extremes, one of excess and the other of deficiency.

Theory of Moderation

A philosophical principle suggesting that moderation in all things is the key to a good life, avoiding extremes in behavior, beliefs, and actions.