Which of the Following Abbreviations Is Correct

question 208

Multiple Choice

Which of the following abbreviations is correct?

• A) Debit, "Dr"; Credit, "Cd"
• B) Debit, "Db"; Credit, "Cr"
• C) Debit, "Db"; Credit, "Cd"
• D) Debit, "Dr"; Credit, "Cr"

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Definitions:

Assignee of a Lease

The party to whom lease rights and obligations are transferred, assuming the role of the original lessee.

Obligation to Pay

A legal or moral duty to settle a debt or fulfill a contractual payment responsibility.

Tenant's Use

The manner in which a tenant is permitted by lease to utilize the rented property.

Landlord's Interest

The ownership interest and rights a landlord possesses in a property, including the right to receive rent and enforce lease terms against tenants.