A Credit to an Asset Account Indicates

question 29

Multiple Choice

A credit to an asset account indicates

• A) an error.
• B) that the normal balance of the account is a credit.
• C) a decrease in the asset.
• D) an increase in the asset.

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Definitions:

Social Institutions

Established sets of norms and structures that guide the behavior of individuals within a society, such as family, education, religion, and government.

Material Culture

The physical objects, resources, and spaces that people use to define their culture, including buildings, artwork, tools, and clothing.

Aesthetics

The branch of philosophy concerned with the nature and appreciation of beauty, art, and taste.