Expenses Follow the Same Debit and Credit Rules as

question 91

Multiple Choice

Expenses follow the same debit and credit rules as

• A) revenues
• B) assets
• C) none of these
• D) liabilities

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Definitions:

Political Order

The set of structures, institutions, and processes that shape how power is exercised, how decisions are made, and how citizens interact with the state.

Divinely Sanctioned

Justified, supported, or approved by a deity or religious authority, often used to legitimize actions, leaders, or laws.

James Oglethorpe

A British military officer, member of Parliament, and philanthropist who founded the colony of Georgia in America in 1733 as a place for debtors and the poor.

Founding Georgia

The establishment of the colony of Georgia in 1733 by James Oglethorpe, intended as a place for debtors and poor individuals, and as a buffer against Spanish expansion from Florida.