Multiple Choice
An important rule of debits and credits is:
A) credits increase a revenue account.
B) debits decrease an asset account
C) revenues are increased by a debit.
D) expenses are increased by a credit.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: Performing services on account:<br>A)decreases both assets and
Q75: Which of the following is a CORRECT
Q123: Complete the following chart indicating if the
Q124: The Diamond Store began business on June
Q125: The first step in recording a transaction
Q127: Jenkins Company began business in June when
Q129: We have used transaction analysis and the
Q141: Company Z sells land for the same
Q146: The ledger:<br>A)is a grouping of all of
Q196: If the sum of the credits to