For Liabilities and Revenues,a Debit Increases the Account

question 108

True/False

For liabilities and revenues,a debit increases the account.

---

Definitions:

Nigerian Worker

An individual employed in Nigeria, notable for discussing work issues relevant to the social, economic, and environmental context of Nigeria.

Japanese Trade Surplus

A situation where Japan exports more goods and services than it imports, leading to a positive balance of trade.

Trade Imbalance

A situation where a country's imports and exports do not balance, resulting in a surplus or deficit.

Product Quality

The characteristics of a product or service that bear on its ability to satisfy stated or implied needs.