A Credit Entry

question 214

Multiple Choice

A credit entry:

• A)Increases asset and expense accounts,and decreases liability,common stock,and revenue accounts.
• B)Is always a decrease in an account.
• C)Decreases asset and expense accounts,and increases liability,common stock,and revenue accounts.
• D)Is recorded on the left side of a T-account.
• E)Is always an increase in an account.

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Definitions:

Brands

Names, terms, designs, symbols, or other features that distinguish one seller's goods or services from those of other sellers.

Marketing Mix

The marketing mix is a framework comprising four key components—product, price, place, and promotion—used to effectively market and sell products or services.

Complete Set

An all-inclusive collection of items that together form a whole or are required to complete a task.

Products and Services

The items and assistance a business offers to meet the needs and desires of consumers.