Which Account Is Increased by a Credit to the Account

question 126

Multiple Choice

Which account is increased by a credit to the account?

• A)Accounts Receivable.
• B)Prepaid Rent.
• C)Service Revenue.
• D)Supplies.

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Definitions:

Crop Output

The total amount of agricultural produce harvested in a given period, which can be affected by factors like weather, soil fertility, and farming practices.

Consumer Goods

Products and commodities purchased by individuals for personal and household use.

Automobile Production

The manufacturing process of cars, involving assembly lines and complex supply chains, significant for its economic impact.

Farm Mechanization

The process of using agricultural machinery and equipment to increase the efficiency of farming operations and productivity.