When an Expense Account Is Increased

question 116

Multiple Choice

When an expense account is increased:

• A)an amount is entered on the credit side of the expense account.
• B)an amount is entered on the debit side of the expense account.
• C)cash must always be credited.
• D)stockholders' equity is not affected.

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Definitions:

Replace Workers

The practice of substituting current employees with new hires or automation technology.

Surplus Extraction

The process or strategy of obtaining excess resources, typically beyond the equilibrium or expected level, from a market or economy.

Buyer's Valuations

The perceived value or worth that a buyer assigns to a product or service, determining how much they are willing to pay.

Number of Customers

The total count of individuals or entities that purchase goods or services from a business within a specific timeframe.