A Debit Entry

question 95

Multiple Choice

A debit entry:

• A) Increases asset and expense accounts.
• B) Decreases liability and equity accounts.
• C) Increases the owner's withdrawals account.
• D) Decreases revenue accounts.
• E) All of these answers are correct.

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Definitions:

Consumer Decisions

The process by which consumers choose whether, what, when, from whom, and how much to buy of a product or service.

Freelance Paralegal

A paralegal who operates his or her own business and provides services to attorneys on a contract basis. A freelance paralegal works under the supervision of an attorney, who assumes responsibility for the paralegal’s work product.

Employer-provided

Describes benefits or services supplied by an employer to their employees, often including health insurance, pensions, or training.

Group Medical Insurance

A healthcare policy issued to a group of people, offering uniform coverage and benefits to all members, often through an employer.