Which of the Following Statements Is True of Expenses

question 65

Multiple Choice

Which of the following statements is true of expenses?

• A)Expenses increase equity,so an expense account's normal balance is a credit balance.
• B)Expenses decrease equity,so an expense account's normal balance is a credit balance.
• C)Expenses increase equity,so an expense account's normal balance is a debit balance.
• D)Expenses decrease equity,so an expense account's normal balance is a debit balance.

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Definitions:

Stress

A physical, mental, or emotional strain or tension resulting from adverse or very demanding circumstances.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Anxiety

An emotion characterized by feelings of tension, worried thoughts, and physical changes like increased blood pressure, often in response to perceived stress.

Case Studies

Detailed analyses of particular instances, individuals, or groups, used as illustrative examples or research tools.