Which of the Following Groups of Accounts Are Increased with a Debit

question 202

Multiple Choice

Which of the following groups of accounts are increased with a debit?

• A) assets, liabilities, stockholders' equity
• B) assets, dividends, expenses
• C) assets, revenues, expenses
• D) assets, liabilities, revenues

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Definitions:

Reasonable Care

The standard of care that a prudent person would use in similar circumstances, often referenced in negligence cases.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm.

Defamatory Statement

A false communication that harms another person's reputation, leading to legal liability.

Tort

A civil wrong that causes someone else to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.