In 1608, Samuel De Champlain Founded

question 77

Multiple Choice

In 1608, Samuel de Champlain founded:

• A) Montreal.
• B) New York.
• C) Champlain.
• D) Quebec.

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Definitions:

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account. It is also used in banking to denote the addition of funds to an account.

Credit Side

The right side of an accounting ledger, used for recording increases in liabilities, equity, and revenue, and decreases in assets and expenses.

Debit Side

The left side of a ledger account that records increases in assets and expenses or decreases in liabilities and equity.