A Debit Entry to a Debit Account Will

question 42

Multiple Choice

A debit entry to a debit account will::

• A) Decrease the credit balance on that account IE decrease the liability, capital or income.
• B) Increase the credit balance on that account IE increase the liability, capital or income.
• C) Decrease the debit balance on that account IE decrease the asset or expense.
• D) Increase the debit balance on that account IE increase the asset or expense.

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Definitions:

Mean

The arithmetic average of a set of numbers, calculated by adding them up and dividing by the count of numbers.

Confidence Interval

A spread of values, emerging from the statistical study of a sample, which has a likelihood of including the value of a non-disclosed population parameter.

Mean

The arithmetic average of a dataset, found by adding all the numbers in the set and dividing by the count of numbers.

Standard Error

A statistical measure that describes the accuracy with which a sample distribution represents a population using the standard deviation.