Which of the Following Statements Regarding Accounts Is False

question 8

Multiple Choice

Which of the following statements regarding accounts is false?

• A) An asset is increased by a debit and decreased by a credit.
• B) Revenue is increased by a debit and an expense is increased by a credit.
• C) A liability is decreased by a debit and increased by a credit.
• D) Revenue is increased by a credit and an expense is increased by a debit.

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Definitions:

Mineralization

The process by which minerals form and are deposited in the structure of rocks or in the bodies of living organisms.

Erosion and Weathering

Processes by which rock is broken down and carried away by natural forces such as water, wind, or ice.

Precambrian Metamorphic Rocks

Rocks that were formed through metamorphism during the Precambrian era, before the emergence of a diverse life on Earth.

Paleozoic Rocks

Paleozoic rocks originated from the Paleozoic era, a significant geological time period marked by the development and diversification of early life forms, including the first fish, plants, and insects.