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:

Mitochondrion

An organelle found in large numbers in most cells, in which the biochemical processes of respiration and energy production occur. It is often referred to as the powerhouse of the cell.

Glycolysis

The metabolic pathway that breaks down glucose to pyruvate, generating ATP and NADH, occurring in the cytosol of cells.

Citric Acid Cycle

A series of chemical reactions used by all aerobic organisms to generate energy through the oxidation of acetate derived from carbohydrates, fats, and proteins into carbon dioxide and water.

Acetyl CoA

A central molecule in metabolism, acting as a substrate for the citric acid cycle and involved in the synthesis and oxidation of fatty acids.