A Credit Is Used to Record

question 119

Multiple Choice

A credit is used to record:

• A) An increase in an expense account.
• B) A decrease in an asset account.
• C) A decrease in an unearned revenue account.
• D) A decrease in a revenue account.
• E) A decrease in a capital account.

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Definitions:

Legitimate Right

A recognized or sanctioned entitlement or authority within a social or legal framework.

Wield Power

To have control or authority over others, often used in the context of politics, leadership, or social influence.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Social Institutions

Systems and structures within society that shape the activities of groups and individuals.