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:

Structured

Organized in a clear, defined manner, often following a specific format, pattern, or set of rules to achieve coherence and order.

Community

A group of people living in the same place or having a particular characteristic in common, often tied together through shared values, practices, and support systems.

Collective Action

The pursuit of a goal or set of goals by a group of individuals working together, often in response to social, political, or environmental issues.

Elites

Are exclusive groups that control the command posts of institutions.