In Which of the Following Types of Accounts Are Decreases

question 149

Multiple Choice

In which of the following types of accounts are decreases recorded by credits?

• A) liabilities
• B) retained earnings
• C) dividends
• D) revenues

Learn strategies to protect against credit fraud and manage credit responsibly.

Acknowledge the historical development of consumer credit.

Understand the sources and reliability of data used by credit bureaus.

Recognize the legal protections for consumers in the credit industry.

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Definitions:

Immune Systems

The complex network of cells, tissues, and organs that work together to defend the body against infections, diseases, and foreign substances.

Transductive Reasoning

A type of reasoning in which specific cases are used to form a general conclusion, often seen in early childhood cognitive development.

Inductive

A systematic approach where multiple assertions, believed or generally accepted as true, are amalgamated to arrive at a targeted conclusion.

Deductive

A logical process where a conclusion follows necessarily from the stated premises, moving from general principles to specific instances.