Which of the Following Is Not a Correct Rule of Debits

question 56

Multiple Choice

Which of the following is not a correct rule of debits and credits?

• A) assets, expenses and withdrawals are increased by debits
• B) assets are decreased by credits and have a normal debit balance
• C) liabilities, revenues and owner's equity are increased by credits
• D) the normal balance for revenues and expenses is a credit

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Definitions:

Container

A general term for any object that can hold, store, or contain other objects or substances.

Peek-a-boo

A game played with babies and young children, typically by covering the face with hands and then suddenly revealing it, prompting surprise and delight in the child.

Cognitive Development

The process of growth and change in intellectual capacities, involving perception, memory, judgment, and reasoning, across the lifespan.

Sensorimotor

A stage in early childhood development where learning occurs through sensory experiences and manipulating objects.