In Which of the Following Types of Accounts Are Decreases

question 162

Multiple Choice

In which of the following types of accounts are decreases recorded with debits?

• A) assets
• B) revenues
• C) expenses
• D) dividends

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and efficiency of a business.

McCormick

A global leader in flavor, offering a wide range of spices, seasoning mixes, condiments, and other flavorful products.

Singer

An individual who performs vocally, producing musical sounds with their voice, which can range from professional performers to casual enthusiasts.

Franchises

A type of business model that allows individuals or entities to operate their own branches of an established company with its branding, knowledge, and processes.