Which Pair of Accounts Follows the Rules of Debit and Credit

question 7

Multiple Choice

Which pair of accounts follows the rules of debit and credit in the opposite manner?

• A)Prepaid Insurance and Withdrawals
• B)Advertising Expense and Land
• C)Withdrawals and Service Revenue
• D)Interest Payable and Owner's Capital

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Definitions:

American Federation of Labor

A national federation of labor unions in the United States, founded in 1886, focused on advocating for better working conditions, wages, and rights for workers.

Rural Electrification Agency

Was a U.S. government agency established in 1935 to bring electricity to rural areas, profoundly impacting agricultural productivity and the quality of rural life.

Electricity

A form of energy resulting from the existence of charged particles such as electrons or protons, manifesting as an attraction or repulsion between those particles.