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:

Cooperates

To work or act together towards a common goal or purpose.

Asserting Interests

The act of clearly and confidently making one's desires or needs known, often in the context of negotiation or conflict resolution.

Competing Style

A conflict resolution approach where one puts their own interests above everyone else's to win.

Assertiveness

Involves expressing one's thoughts, feelings, and beliefs in a direct, honest, and appropriate way that respects the rights of others.