A Credit Entry

question 115

Multiple Choice

A credit entry:

• A) Increases asset and expense accounts, and decreases liability, owner's capital, and revenue accounts.
• B) Is always a decrease in an account.
• C) Decreases asset and expense accounts, and increases liability, owner's capital, 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:

Visual Basic Editor

An integrated development environment from Microsoft for programming in Visual Basic, allowing users to write and debug code for customizing and automating tasks in Microsoft applications.

Lowercase Letters

Small letters in a typeface that differ from their uppercase counterparts in size and shape, used in writing and printing for most text.

Built-in Access Function

Predefined functions in Microsoft Access that perform operations on data, such as mathematical calculations and string manipulations.

End Function

Refers to a command in programming languages like Visual Basic that marks the end of a function, signaling its termination.