A Credit Entry

question 214

Multiple Choice

A credit entry:

• A)Increases asset and expense accounts,and decreases liability,common stock,and revenue accounts.
• B)Is always a decrease in an account.
• C)Decreases asset and expense accounts,and increases liability,common stock,and revenue accounts.
• D)Is recorded on the left side of a T-account.
• E)Is always an increase in an account.

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Definitions:

Productive Ways

Efficient and effective methods or strategies for achieving tasks, goals, or objectives.

Traditional Résumé

A formal document that a job applicant creates to itemize their qualifications for a position, typically listing education, experience, and skills.

Disclose

To reveal or make known information that was previously secret or unseen.

Business News

Information about economic activities, companies, markets, and financial developments relevant to stakeholders in the business world.