Expenses Follow the Same Debit and Credit Rules as

question 50

Multiple Choice

Expenses follow the same debit and credit rules as

• A) Revenues
• B) Drawing Account
• C) Capital Account
• D) Liabilities

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Definitions:

Business Practices

Established methods, behaviors, and conduct that are followed in the day-to-day operations of a business.

Environmental Scanning

A repeated process to analyze the changes in the business environment that can impact an organization's strategies.

Demand Forecasting

The process of determining the organization's requirement for specific forms of human capital.

Influence Analysis

The examination of factors or individuals that have the power to affect outcomes or decisions within a particular context or system.