When Does a Credit Take Place

question 43

Multiple Choice

When does a credit take place?

• A)When assets and expenses decrease
• B)When assets and expenses increase
• C)When revenue and liabilities decrease
• D)When revenue and liabilities increase

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Definitions:

Equitable Remedies

Judicial orders enforcing a party to act or refrain from acting, which are granted when legal damages are not a sufficient remedy.

Plaintiff

The person or party who initiates a lawsuit (also known as an action) before a court by filing a complaint with the clerk of the court against the defendant(s). Also known as claimant or complainant.

Title VII

A part of the 1964 Civil Rights Act that forbids job discrimination on the grounds of race, color, religion, gender, or country of origin.

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.