In the ____________ Numbering System, All Numeric Values Are Written

question 83

Multiple Choice

In the ____________ numbering system, all numeric values are written as sequences of 0s and 1s.

• A) hexadecimal
• B) decimal
• C) octal
• D) binary

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Definitions:

Debit

An entry on the left side of an account record, used to increase an asset or expense or decrease a liability, equity, or revenue.

Credit

An accounting entry that increases the balance of liabilities and equity accounts, and decreases the balance of an asset or expense account.

Rent Expense

The cost incurred for renting a property or equipment, recognized as an expense on the income statement.

Debit Cash

An accounting entry that increases the cash balance in a company's books, indicating inflows of money or equivalent.