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

question 60

Multiple Choice

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

• A)It increases expenses and decreases retained earnings.
• B)It decreases net income and decreases assets.
• C)It increases expenses and decreases assets.
• D)It decreases net income and decreases liabilities.

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Definitions:

Decentration

The ability to focus on multiple attributes of an object or situation rather than being locked onto a single aspect.

Mainstreaming

The practice of integrating children with disabilities or special needs into regular educational settings.

Mildly Disabled

Describes individuals with disabilities that moderately affect their daily activities or abilities but can often manage with minimal accommodations.

Intelligence Quotient

A measure of a person's cognitive abilities in relation to their age group, often represented as a numerical score.