Which of the Following Statements Is Correct

question 35

Multiple Choice

Which of the following statements is correct?

• A) The left side of a T-account is the credit side.
• B) Debits decrease asset and expense accounts, and increase liability, equity, and revenue accounts.
• C) The left side of a T-account is the debit side.
• D) Credits increase asset and expense accounts, and decrease liability, equity, and revenue accounts.
• E) In certain circumstances the total amount debited need not equal the total amount credited for a particular transaction.

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Definitions:

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Three-Box Model

A model of memory that proposes three stages of memory processing: sensory memory, short-term memory, and long-term memory.

Sensory Register

The component of memory that holds incoming information from the senses for a very short period of time, allowing it to be processed further.

Sensory Register

The initial stage of memory, where sensory information is stored for a very brief period before it is processed further.