Which of the Following Applications of the Rules of Debit

question 64

Multiple Choice

Which of the following applications of the rules of debit and credit is true?

• A) decrease Prepaid Insurance with a credit and the normal balance is a credit
• B) increase Accounts Payable with a credit and the normal balance is a debit
• C) increase Supplies Expense with a debit and the normal balance is a debit
• D) decrease Cash with a debit and the normal balance is a credit

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Definitions:

Harassment

Unwanted and unwelcomed behavior that creates an intimidating, hostile, or offensive work environment.

Financialization

The increasing influence of financial markets, financial motives, financial institutions, and financial elites on the economy and society at large.

Financial Transactions

Activities involving the exchange of money or monetary value between individuals, organizations, or financial institutions.

Corporate Profits

The financial surplus gained by a company after all expenses and taxes have been deducted from total revenue.