A Credit Entry Is Made To

question 15

Multiple Choice

A credit entry is made to:

• A)Decrease an expense,increase income,and increase equity
• B)Decrease an asset,increase a liability,and decrease equity
• C)Increase an asset,decrease a liability,and decrease equity
• D)Decrease an asset,decrease a liability,and increase equity

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Definitions:

Antitrust Action

Legal proceedings or actions taken by government regulators or private parties to prevent or remedy anti-competitive practices, monopolies, or other violations of antitrust laws.

Discounted Rate

A reduced price or fee, lower than the standard amount.

Violation Of

The act of breaking, infringing, or not complying with a law, rule, or agreement.

Pollution Control Devices

Tools or systems designed to reduce or eliminate the emission of pollutants into the environment from various sources.