Multiple Choice
What type of account is increased with a debit but is a decrease to retained earnings?
A) Liability
B) Asset
C) Revenue
D) Expense
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: Match the balance sheet account with the
Q11: If a company purchases equipment by issuing
Q27: From the list of accounts below, determine
Q65: XYZ Corp.made cash sales to customers.What effect
Q75: Services are provided for customers who are
Q117: Wolfe Inc.reports these account balances at
Q119: Identify which of the following would be
Q120: The system of accounting in which there
Q121: All of the following are external events
Q122: Each account has a normal balance.For the