Debits Increase Both Asset and Expense Accounts

question 12

True/False

Debits increase both asset and expense accounts.

---

Definitions:

Code Of Ethics

A set of principles and guidelines designed to help professionals conduct their business with integrity and honesty.

PR Profession

The public relations profession involves managing the public image and communications of individuals, organizations, or companies to build and maintain positive relationships with the public.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving weighing the risks and benefits of each option.

Ethics

A branch of philosophy dealing with what is morally right or wrong, encompassing principles like fairness, responsibility, and integrity.