Which of the Following Statements About the Debit/credit Framework Is

question 62

Multiple Choice

Which of the following statements about the debit/credit framework is correct?

• A)Asset and liability accounts have a normal debit balance.
• B)To debit an account means to increase it.
• C)Common Stock has a normal credit balance.
• D)To credit an account means to decrease it.

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Definitions:

Lung Cancer Alliance

A non-profit organization dedicated to saving lives and advancing research by empowering those living with and at risk for lung cancer.

Cause Marketing

A partnership between a for-profit business and a non-profit organization for mutual benefit, leveraging the marketing effort to support a social cause or charity.

Person Marketing

Use of efforts designed to attract the attention, interest, and preference of a target market toward a person.

Organization Marketing

Marketing strategy that influences consumers to accept the goals of, receive the services of, or contribute in some way to an organization.