If the Effect of the Debit Portion of an Adjusting

question 26

Multiple Choice

If the effect of the debit portion of an adjusting entry is to increase the balance of an asset account, which of the following describes the effect of the credit portion of the entry?

• A) increases the balance of a revenue account
• B) decreases the balance of a liability account
• C) increases the balance of an expense account
• D) decreases the balance of a revenue account

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Definitions:

Pan-European Style

Refers to a unified or harmonious style that transcends national borders within Europe, incorporating elements common to many European cultures.

Italian Renaissance

A period of European history, marking a cultural rebirth from the 14th to the 17th century, characterized by developments in art, architecture, politics, science, and literature.

Baroque Masters

Artists from the Baroque period (circa 1600-1750) known for their dramatic use of color, light, and shadow, as well as the dynamic movement in their compositions.

Haarlem

A city in the Netherlands, known for its rich history, art culture, and as a major flower-bulb growing region.