Which of the Following Accounts Decreases with a Credit

question 139

Multiple Choice

Which of the following accounts decreases with a credit?

• A) Cash
• B) Owner, Capital
• C) Accounts Payable
• D) Unearned Revenue

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Definitions:

Corporate Records

Official documents and records maintained by a corporation, including minutes of meetings, financial records, and legal documents.

Certifies Authentic

Verifies the genuineness or truth of a document, object, or claim.

Purpose Clause

A part of a legal document that states the intentions or objectives that the respective document or section is meant to achieve.

Articles Of Incorporation

The document filed to create a corporation, detailing its structure, purpose, and regulations.