Multiple Choice
When an expense account is increased:
A) an amount is entered on the credit side of the expense account.
B) an amount is entered on the debit side of the expense account.
C) cash must always be credited.
D) stockholders' equity is not affected.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q111: When a trial balance is out of
Q112: As a practical matter most companies prepare
Q113: Which transaction increases stockholders' equity?<br>A)sale of common
Q114: Which account has a normal debit balance?<br>A)Salaries
Q115: A company performs services for a client
Q117: When a trial balance is out of
Q118: Each journal entry should contain a brief
Q119: The left-hand side of a T account
Q120: The Accounts Receivable account for Johnny's Mechanic
Q121: A record of all the changes in