Which of the Following Statements Regarding Credit Entries Is True

question 49

Multiple Choice

Which of the following statements regarding credit entries is true?

• A)Credits decrease liability accounts.
• B)Credits increase asset accounts.
• C)Credits increase the common stock account.
• D)Credits increase asset and common stock accounts,and decrease liability accounts.

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Definitions:

Marketing Activities

Tasks and efforts undertaken by a company to promote and sell its products or services, including advertising, social media marketing, and public relations.

Business Models

Strategic plan outlining how a company creates, delivers, and captures value, in economic, social, cultural or other contexts.

Organizational Cultures

Organizational cultures encompass the shared values, beliefs, and norms that influence the behavior of individuals within an organization, shaping its social and psychological environment.

Marketing Tactics

Specific actions or strategies used by a company to achieve marketing objectives.