Which of the Following Accounts Decreases with a Credit

question 80

Multiple Choice

Which of the following accounts decreases with a credit?

• A)Cash
• B)Smith, Capital
• C)Accounts Payable
• D)Notes Payable

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Definitions:

State Government

The governing authority of a state within a country, responsible for implementing local laws, policies, and managing public services and resources.

Presidential Emergency Power

Special authority granted to the President during times of national crisis, allowing for actions not normally permitted.

National Guard

A reserve military force composed of state National Guard militia units, which may be called upon by the state or federal government during emergencies or to fulfill other duties.

Little Rock

Capital city of the state of Arkansas, historically noted for the 1957 desegregation crisis at Little Rock Central High School, which became a landmark in the civil rights movement.