Which of the Following Accounts Increases with a Credit

question 73

Multiple Choice

Which of the following accounts increases with a credit?

• A) Cash
• B) Capital
• C) Accounts receivable
• D) Prepaid expenses

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Definitions:

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Federal Income Tax

A tax levied by the government on the annual earnings of individuals, corporations, trusts, and other legal entities.