Which of the Following Is True

question 52

Multiple Choice

Which of the following is true?

• A) An asset account would be decreased with a debit.
• B) A liability account would be increased with a debit.
• C) A revenue account would be increased with a credit.
• D) An expense account would be increased with a credit.

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Definitions:

SAE Grade Rating

A system developed by the Society of Automotive Engineers (SAE) to classify oils and lubricants based on their viscosity characteristics.

Grade 8

A classification of bolts and screws indicating a high level of strength, often used in applications requiring durability and resistance to stress.

MIG Welding

A welding process using a continuously feeding wire and an inert gas to shield the weld from contaminants.

Mild Steel

A type of carbon steel with a low amount of carbon content, making it relatively soft and easy to cut or shape, commonly used in construction and manufacturing.