A Credit Would Make Which of the Following Accounts Decrease

question 83

Multiple Choice

A credit would make which of the following accounts decrease?

• A) Common Stock
• B) Inventory
• C) Notes Payable
• D) Retained Earnings

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Definitions:

Survivability

The ability of a system, organization, or individual to remain alive or continue to function in the face of adversity or challenging conditions.

Viability

The ability of an entity or an idea to work successfully and sustainably, often in the context of business or environmental conservation.

Equality

The state of being equal, especially in status, rights, and opportunities.

Mutuality

A principle based on mutual interests, benefits, and cooperation between parties, often characterized by reciprocal actions.