menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Business Reporting
  4. Exam
    Exam 4: Business Transactions
  5. Question
    The Rule That Is Incorrect Is
Solved

The Rule That Is Incorrect Is

Question 30

Question 30

Multiple Choice

The rule that is incorrect is:


A) Increases in assets are debits
B) Increases in income are debits
C) Increases in equity are credits
D) Increases in liabilities are credits

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: On 14 May,Green Pty Ltd sells goods

Q26: A supplier sold inventory to XYZ Pty

Q27: Which of these is correct?<br>A)Assets + liabilities

Q28: A customer purchased goods from DEF Pty

Q29: In recording wages for the month a

Q31: Cheque butts,invoices,purchase orders,credit card slips and cash

Q32: A business purchased a delivery vehicle for

Q33: Income - Expenses = _

Q34: Which of the following accounts could not

Q35: Which of the numbers below,representing the difference

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines