A Credit Decreases the Balance of Which Types of Accounts

question 43

Multiple Choice

A credit decreases the balance of which types of accounts?

• A) expenses and assets
• B) liabilities and expenses
• C) assets and liabilities
• D) assets and shareholders' equity

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Definitions:

Job Prospects

The potential opportunities for employment and career advancement in a particular field or profession.

Graduate

A person who has successfully completed a course of study or training, especially a person who has been awarded an undergraduate or first academic degree.

Growth Strategy

Plans and actions aimed at increasing a company's size, revenues, market share, or competitive positioning.

Cellular Telephone

A wireless communication device that allows users to make and receive calls over a radio frequency link while moving within a service area.