Which of the Following Is True Regarding Debits and Credits

question 13

Multiple Choice

Which of the following is true regarding debits and credits?

• A)Whether a debit or credit increases or decreases an account depends on the type of account.
• B)Debits increase an account and credits decrease an account.
• C)Credits increase an account and debits decrease an account.
• D)There are some circumstances that allow for debits and credits to not equal.

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Definitions:

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Information obtained from a lie detector test, used as an investigative tool or in some jurisdictions as evidence in court.

APA

American Psychological Association, a professional organization representing psychologists in the United States.

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