Which of the Following Is a True Statement Regarding Debits

question 133

Multiple Choice

Which of the following is a true statement regarding debits and credits?

• A)If a company earned a profit,debits will not equal credits.
• B)For a business,debits are better than credits.
• C)A company's books are not in balance if they have a current period loss.
• D)Assets and expenses are both increased with a debit.
• E)Liabilities and equity are both increased with a debit.

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Definitions:

Outsourced

The practice of hiring third-party vendors to perform services or produce goods that were previously done in-house.

Employee Relations

The management of interactions between the organization and its employees, aiming to maintain positive working relationships.

Succession Management

Identifying and grooming new leaders to succeed the current ones when they exit, retire, or are deceased.

Outsourcing

The business strategy of hiring external organizations to handle specific business tasks or operations that were previously conducted internally.