Which Pair of Accounts Follows the Rules of Debit and Credit

question 94

Multiple Choice

Which pair of accounts follows the rules of debit and credit in the opposite manner?

• A) Prepaid Insurance and Dividends
• B) Advertising Expense and Land
• C) Dividends and Medical Fees Earned
• D) Interest Payable and Common Stock

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Definitions:

Child Care Benefits

Employer-provided or subsidized access to child care services, intended to support employees who are parents or guardians by easing the burden of child care.

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.

529 Savings Plan

A tax-advantaged savings plan designed to encourage saving for future education costs, operated by states and educational institutions.