A Debit Is Used to Record Which of the Following

question 90

Multiple Choice

A debit is used to record which of the following?

• A)A decrease in an asset account.
• B)A decrease in an expense account.
• C)An increase in a revenue account.
• D)An increase in a contributed capital account.
• E)An increase in the dividends account.

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Definitions:

Highly Centralized

A structural approach in organizations where decision-making authority is concentrated at the top levels of management.

Decision-making Power

The authority or capacity to make choices that will have consequences for oneself or others within an organizational or personal context.

Coordination

The act of organizing or aligning activities, tasks, and people efficiently and effectively to achieve a common goal or objective.

Accommodation

The process by which the eye’s lens changes shape to focus near or far objects on the retina.