A Debit May Signify A(n)

question 111

Multiple Choice

A debit may signify a(n)

• A) decrease in an asset account
• B) decrease in a liability account
• C) increase in the retained earnings account
• D) decrease in the dividends account

---

Definitions:

Positive Attitude

A mindset that focuses on the good and positive aspects of any situation.

Frustrated

A feeling of irritation or annoyance due to obstacles, setbacks, or difficulties preventing one from achieving their goals.

Outcomes

The results or consequences of actions, often used in an educational context to refer to the skills or knowledge gained.

Mindset

An established set of attitudes or beliefs held by someone.