Which of the Following Accounts Increases with a Credit

question 35

Multiple Choice

Which of the following accounts increases with a credit?

• A) Owner, Withdrawals
• B) Owner, Capital
• C) Accounts Receivable
• D) Prepaid Expense

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Definitions:

Workplace Safety

Practices and policies implemented to ensure the physical and emotional well-being of employees in their working environment.

ERISA

The Employee Retirement Income Security Act of 1974, a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry.

Fiduciary Responsibility

The obligation of one party to act in the best interest of another within a relationship of trust, such as that between a trustee and the beneficiaries.

Plan Participants

Individuals who are enrolled and covered under a specific benefits plan, often related to retirement or health insurance.