A Credit Entry

question 214

Multiple Choice

A credit entry:

• A)Increases asset and expense accounts,and decreases liability,common stock,and revenue accounts.
• B)Is always a decrease in an account.
• C)Decreases asset and expense accounts,and increases liability,common stock,and revenue accounts.
• D)Is recorded on the left side of a T-account.
• E)Is always an increase in an account.

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Definitions:

Strategic Indicators

Metrics used to gauge an organization's performance against its strategic goals, helping in assessing progress, identifying trends, and informing decision-making processes.

Competitive Indicators

Metrics or factors that are used to compare an organization's performance, strength, or position relative to its competitors.

Technology on Organizations

The impact or influence that the adoption of technology has on the structure, operations, and culture of organizations.

Automated Services

Services operated or delivered by automated systems or machines, reducing the need for human intervention.