Which of the Following Statements Regarding Accounts Is True

question 25

Multiple Choice

Which of the following statements regarding accounts is true?

• A) Assets are decreased by debits.
• B) Expenses are decreased by debits.
• C) Revenues are increased by debits.
• D) Liabilities are decreased by debits.

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Definitions:

Kinetic Energy

Energy of motion. Compare with potential energy.

Legs

Limbs on animals and humans used primarily for supporting the body and facilitating locomotion or movement.

Motion

The change in position of an object with respect to time and its reference point.

Potential Energy

The energy stored by an object due to its position in a force field or its condition.