A Transaction That Includes a Debit to an Expense and a Credit

question 72

Multiple Choice

A transaction that includes a debit to an expense and a credit to a liability indicates that:

• A)revenues increased.
• B)expenses decreased.
• C)liabilities increased.
• D)cash decreased.

---

Definitions:

Tolerance Levels

The predetermined thresholds of risk that an organization or individual is willing to accept or deal with.

EPA

The Environmental Protection Agency, a U.S. federal agency responsible for protecting human health and the environment through regulations and various initiatives.

Toxic Substances Control Act

A United States law enacted in 1976 designed to regulate the introduction and use of chemicals and toxic substances in the environment.

Clean Air Act

A comprehensive federal law in the United States that regulates air emissions from stationary and mobile sources in order to protect public health and the environment.