Which of the Following Entries Causes a Decrease in Assets

question 111

Multiple Choice

Which of the following entries causes a decrease in assets and in net income?

• A)The entry to record the payment of utilities with cash
• B)The entry to record the payment of cash for the purchase of a building
• C)The entry to record accrued wages payable
• D)The entry to record revenue earned but not yet received

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Definitions:

Gender Equality

The state in which access to rights or opportunities is unaffected by gender, allowing individuals of all genders to participate fully in all societal areas.

Criminal Behaviour

Actions that violate laws or social norms and are subject to legal sanctions or disapproval.

Stigmatization

The act of attaching negative labels or stereotypes to individuals or groups, leading to discrimination or social exclusion.

Deviant

an individual whose behavior diverges from the accepted standards of society, which can invoke negative or positive responses.