In the statement of changes in financial position, sources of resources are defined as:
A)transaction debits.
B)fund increases.
C)transaction credits.
D)fund decreases.

Name: In the statement of changes in financial position, sources of resources are defined as: A)transaction debits. B)fund increases. C)transaction credits. D)fund decreases.
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Quizplus · Accepted Answer

Transaction credits represent sources of resources because they increase the entity's financial resources.

In the Statement of Changes in Financial Position, Sources of Resources