Credit Entries Are Used to

question 138

Multiple Choice

Credit entries are used to

• A)increase asset accounts.
• B)increase liability accounts.
• C)decrease revenue accounts.
• D)decrease liability accounts.

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Definitions:

Lockout

An action taken by employers to prevent workers from entering the workplace during a labor dispute, essentially reversing a strike.

Management Rights

The legal and contractual rights that allow employers to manage, direct, and control their operations and workforce.

Withholding Labor

A tactic used by workers, such as in a strike, where they refuse to work in order to pressure employers to meet their demands.

Employer's Cost

The total expenses incurred by employers to compensate employees, including wages, benefits, taxes, and insurance.