In a Ledger,debit Entries Cause

question 37

Multiple Choice

In a ledger,debit entries cause:

• A)Increases in owners' equity,decreases in liabilities,and increases in assets.
• B)Decreases in liabilities,increases in assets,and decreases in owners' equity.
• C)Decreases in assets,decreases in liabilities,and increases in owners' equity.
• D)Decreases in assets,increases in liabilities,and increases in owners' equity.

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Definitions:

Increasing Costs

A situation in which the costs of production increase as the total output increases, often due to factors like labor and material shortages.

Specialization

The practice of focusing on a specific area or activity to achieve greater efficiency and productivity.

Production Possibilities

A graphical representation of the alternative combinations of goods and services an economy can produce when all its resources are fully and efficiently utilized.

Specialize

To concentrate on and become expert in a particular subject or skill.