Which of the Following Statements Is True

question 9

Multiple Choice

Which of the following statements is true?

• A)Debits increase assets and increase liabilities.
• B)Credits decrease assets and decrease liabilities.
• C)Credits decrease assets and increase liabilities.
• D)Debits increase liabilities and decrease assets.

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Definitions:

Theoretical Perspectives

Frameworks or approaches that provide explanation for behaviors, phenomena, or social structures.

Observable Facts

Information or data that can be seen, measured, or noted directly, without the need for inference.

Theories

General principles or ideas used to explain how certain aspects of the natural or social world operate.

Heuristics

Mental shortcuts or 'rules of thumb' that simplify decision making, often at the cost of accuracy or thoroughness.