Credit Entries Are Used to

question 138

Multiple Choice

Credit entries are used to

• A)increase asset accounts.
• B)increase liability accounts.
• C)decrease revenue accounts.
• D)decrease liability accounts.

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Definitions:

Belief Perseverance

Belief perseverance is the tendency to maintain a belief even after the evidence supporting it has been debunked or contradicted.

Cognitive Dissonance

A psychological phenomenon where an individual experiences mental discomfort from holding contradictory beliefs, attitudes, or values.

Self-Blame

The act of attributing personal failures or mistakes to one's own deficiencies or actions.

Post-Trauma Coping

The methods and strategies individuals use to deal with and recover from traumatic events.