Which of the Following Statements Regarding Debits and Credits Is

question 171

Multiple Choice

Which of the following statements regarding debits and credits is always correct?

• A)Debits decrease accounts while credits increase them.
• B)The total value of all debits recorded in the ledger must equal the total value of all credits recorded in the ledger.
• C)The total value of all debits to a particular account must equal the total value of all credits to that account.
• D)The normal balance for an account is the side on which it decreases.

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Definitions:

Drivers for Change

Factors or forces that stimulate or precipitate change within an organization or system.

Force Field Analysis

A management technique developed by Kurt Lewin, used to identify and analyze the forces that influence a situation, helping in decision making and problem-solving.

Organizational Change

Organizational change involves the process through which companies or institutions modify their structures, strategies, operational methods, or culture to adapt to internal and external demands.

Kurt Lewin

A pioneering psychologist known for his contributions to social psychology, organizational development, and the study of leadership and change.