A Credit Entry

question 214

Multiple Choice

A credit entry:

• A)Increases asset and expense accounts,and decreases liability,common stock,and revenue accounts.
• B)Is always a decrease in an account.
• C)Decreases asset and expense accounts,and increases liability,common stock,and revenue accounts.
• D)Is recorded on the left side of a T-account.
• E)Is always an increase in an account.

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Definitions:

Social Loafing

The tendency for individuals to exert less effort to achieve a goal when they work in a group than when they work alone.

Shared Norms

Established behaviors or beliefs that are accepted and adhered to by a group or society.

Group Socialisation

Dynamic relationship between the group and its members that describes the passage of members through a group in terms of commitment and of changing roles.

Role Transition

The process of changing from one role to another, which can involve acquiring new identities, responsibilities, and behaviors.