When a Liability Account Is Credited, It Indicates

question 92

Multiple Choice

When a liability account is credited, it indicates

• A) a decrease in the amount owed to creditors.
• B) an increase in the amount owed to creditors.
• C) an increase in the amount owed by customers.
• D) a decrease in the amount owed by customers.

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Definitions:

Poverty

A condition where individuals or communities lack the financial resources to meet basic living necessities such as food, shelter, and healthcare.

Person-Centered Approach

A psychological approach developed by Carl Rogers that emphasizes the importance of the individual's personal experience and the belief in the innate tendency toward growth and development.

Therapist

A professional trained to provide psychological guidance and support to individuals dealing with emotional, mental, or physical issues.

Client

In psychology and counseling, the individual who receives therapy or professional services.