Which of the Following Statements Is TRUE of Expenses

question 90

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:

Helping Process

A structured sequence of actions or interventions designed to provide assistance or support to someone in need.

Communication

The act of transferring information, thoughts, or feelings between parties through speech, writing, or non-verbal expressions.

Appease

The action of placating or pacifying someone by acceding to their demands.

Ineffective

Lacking the ability or success in producing a desired or intended result.