An Important Rule of Debits and Credits Is

question 68

Multiple Choice

An important rule of debits and credits is:

• A) credits increase a liability account.
• B) debits decrease an asset account
• C) revenues are increased by a debit.
• D) expenses are increased by a credit.

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Definitions:

Personal Selling Process

A direct marketing approach involving personal interactions between a salesperson and a prospective buyer to close a sale.

Personal Selling Process

A face-to-face or direct marketing approach where sales representatives interact personally with customers to facilitate sales.

Preapproach Stage

A preparatory step in the sales process where the salesperson gathers relevant information about a potential customer before making contact.

Buying Role

Describes the activities and responsibilities of individuals or entities involved in purchasing decisions or transactions in various contexts.