Which of the Following Statements Regarding Accounts Is Incorrect

question 14

Multiple Choice

Which of the following statements regarding accounts is incorrect?

• A) An asset is increased by a debit and decreased by a credit.
• B) Revenue is increased by a debit and an expense is increased by a credit.
• C) A liability is decreased by a debit and increased by a credit.
• D) Revenue is increased by a credit and an expense is increased by a debit.

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Definitions:

Hyperactivity

An abnormal or excessive level of activity, often seen in disorders such as ADHD, characterized by restlessness and difficulty sitting still.

Obscene Gestures

Offensive or indecent physical movements, often used to insult or express disdain towards others.

Group Room

A designated space used for gatherings or therapy sessions involving multiple participants.

Intervene

To come between disputing people, groups, or events to change a situation, often to prevent harm or resolve a problem.