Which of the Following Groups of Accounts Increase with a Credit

question 65

Multiple Choice

Which of the following groups of accounts increase with a credit?

• A) common stock, revenues, expenses
• B) assets, common stock, revenues
• C) liabilities, common stock, revenues
• D) none of these

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Definitions:

Enforced

refers to the act of compelling compliance or obedience to a law, rule, or obligation.

Minor

A minor is an individual who is under the legal age of majority, usually considered to be below 18 years old, and is, therefore, legally restricted in certain rights and responsibilities.

Fraud

An intentional deception made for personal gain or to damage another individual.

Indian Act

A Canadian federal law enacted to regulate and administer the affairs and day-to-day lives of First Nations, including governance and land management.