Which of the Following Accounts Is Increased with a Credit

question 86

Multiple Choice

Which of the following accounts is increased with a credit?

• A)Accounts Receivable
• B)Prepaid Rent
• C)Common Stock
• D)Dividends

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Definitions:

Inputs

Resources used in the production process, including labor, capital, and materials.

Outputs

Goods and services of value to households.

Explicit Costs

Payments made directly to external parties as part of business operations, including salaries, rental fees, and the cost of goods.

Implicit Costs

are indirect expenses that do not involve a direct payment of money but represent a loss of opportunity to use resources elsewhere.