Which of the Following Is Not a Correct Rule of Debits

question 8

Multiple Choice

Which of the following is not a correct rule of debits and credits?

• A) Assets, expenses, and withdrawals are increased by debits.
• B) Assets are decreased by credits and have a normal debit balance.
• C) Liabilities, revenues, and owner's equity are increased by credits.
• D) The normal balance for revenues and expenses is a credit.

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Definitions:

Sternberg

Refers to Robert Sternberg, an American psychologist and professor best known for his theory on intelligence and creativity.

Short-Term Memory

A mental system that has a restricted capacity designed for briefly maintaining information for the purpose of processing.

Working Memory

The component of short-term memory tasked with the immediate conscious processing of perception and language.

Short-Term Memory

Memory system that holds small amounts of information in an active, readily available state for a short period of time.