Multiple Choice
An account is increased by a debit and has a normal balance of a debit. This account is an)
A) liability account.
B) expense account.
C) asset account.
D) both an expense account and an asset account.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q34: A trial balance has which of the
Q35: If the payment of a utilities bill
Q36: The payment of salaries to employees would:<br>A)increase
Q37: The trial balance is not a formal
Q38: A trial balance prepared by an inexperienced
Q40: Making a cash payment to settle a
Q41: When the trial balance is out of
Q42: The journal entry to record performing a
Q43: A company purchased office supplies for cash.
Q44: A journal entry is an event that