When You Provide Credit Information About Another Person,you Have an Ethical

question 29

Multiple Choice

When you provide credit information about another person,you have an ethical and legal obligation to

• A)yourself.
• B)the credit applicant.
• C)the business from whom credit is requested.
• D)all of the above.

---

Definitions:

Debits And Credits

Fundamental accounting principles that are used to record every financial transaction, where debits must equal credits in every transaction.

Account Type

A classification system used within accounting to differentiate between the various financial transactions, assets, liabilities, and owners' equity carried out or held by a business.

Increases

Refers to the growth or rise in numbers, values, quantities, or activities.

Decreases

A reduction in size, quantity, or level of something.