Which of the Following Doesn't Correctly Describe a Journal Entry

question 134

Multiple Choice

Which of the following doesn't correctly describe a journal entry which debits depreciation expense and credits accumulated depreciation?

• A)It increases expenses and does not affect assets.
• B)It decreases net income and decreases assets.
• C)It increases expenses and decreases retained earnings.
• D)It decreases assets and decreases net income.

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Definitions:

Motivate Action

The act of encouraging or stimulating someone to move towards a specific behavior or goal.

Reasonable Request

A reasonable request is an appeal or petition that is fair, justified, and appropriate under the circumstances, often made in a professional or personal context.

Logical Case

An argument or reasoning that is structured in a coherent, reasonable manner, often supported by evidence.

Clear Facts

Statements or information that is unambiguous, easily understood, and verifiable.