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.

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Definitions:

Episodic Memory

The ability to remember specific events or episodes from one's life, including the contexts and emotions associated with them.

Mnemonic Devices

Tools or strategies used to improve memory through the use of patterns, rhymes, acronyms, or visual aids.

Visual Imagery

The mental visualization of scenes or images, a cognitive process used in memory, creativity, and problem-solving.

Verbal Cues

Nonverbal signals, such as tone, pace, and volume of speech, that are used in communication to convey meaning or emphasize a message.