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:

Reservations

Areas of land set aside by governments for indigenous peoples to live on and manage, with varying degrees of autonomy and self-governance.

Ledger Books

Financial record books that account for all transactions and balances in the double-entry bookkeeping system of a business.

Administrative Control

The systematic process of managing and regulating an organization's resources, operations, and policies to achieve its objectives.

Dynastic Marriages

Marriages arranged between royal families or noble houses to establish alliances, secure peace, or consolidate power.