A Credit Entry

question 73

Multiple Choice

A credit entry:

• A)Increases asset and expense accounts, and decreases liability, stockholders' equity, and revenue accounts.
• B)Is always a decrease in an account.
• C)Decreases asset and expense accounts, and increases liability, stockholders' equity, and revenue accounts.
• D)Is recorded on the left side of a T-account.
• E)Is always an increase in an account.

---

Definitions:

Marketable Securities

Financial instruments and assets that can easily be converted into cash without significantly affecting their market price.

Investment Bankers

Investment bankers are financial specialists who assist corporations and governments in raising capital, advising on mergers and acquisitions, and offering investment advice.

Stock Issues

The process by which companies allot new shares to shareholders or the public to raise capital.

Bond Issues

The act of distributing new bonds to investors, typically done by corporations or governments to raise capital.