A Credit to an Account Balance Always Results in the Balance

question 53

True/False

A credit to an account balance always results in the balance decreasing.A credit decreases assets,dividends,and expenses,but increases liabilities,stockholders' equity,and revenues.

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Definitions:

IT Infrastructures

The comprehensive framework of technology components, such as hardware, software, networks, and data centers, that support an organization's IT operations.

Cloud Computing

The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet to offer faster innovation, flexible resources, and economies of scale.

Ubiquitous

The condition of being everywhere at the same time, commonly used to describe technologies that have become an integral part of daily life.

IaaS

Infrastructure as a Service, a form of cloud computing that provides virtualized computing resources over the internet.