Multiple Choice
Which of the following statements is false?
A) Expense accounts have a debit balance.
B) Revenue accounts have a credit balance.
C) Gain accounts have a credit balance.
D) Loss accounts have a credit balance.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: Selling inventory to a customer on account
Q23: Which of the following would lengthen the
Q24: Which of the following is correct when
Q25: Dividends declared decrease net income.
Q26: A company purchased supplies for cash,which will
Q28: Colby Corporation has provided the following information:
Q29: During 2019,Sigma Company earned service revenue amounting
Q30: Which of the following does not correctly
Q31: World Coffee,Inc.has provided the following information pertaining
Q32: Interest expense is reported on the income