Which of the Following Accounts Increases with a Credit

question 35

Multiple Choice

Which of the following accounts increases with a credit?

• A) Owner, Withdrawals
• B) Owner, Capital
• C) Accounts Receivable
• D) Prepaid Expense

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Definitions:

Complements

Goods or services that are used together, where the use or value of one increases the use or value of the other.

Controllable Factor

An element within a business or project that can be managed or influenced directly.

Excess Supply

A situation where the quantity of a product offered for sale by producers exceeds the quantity demanded by consumers at the current price.

Downward Pressure

Describes a situation in which there are factors that are causing the price of an asset or security to potentially decline.