Multiple Choice
A transaction that includes a debit to an expense and a credit to a liability indicates that:
A) revenues increased.
B) expenses decreased.
C) liabilities increased.
D) cash decreased.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q17: Decreases in stockholders' equity that result from
Q60: An account with a normal debit balance
Q69: A company performed tax services for a
Q71: The account is the basic summary device
Q73: The accounts of Local Company at May
Q74: At the end of the period,the difference
Q121: A record of all the changes in
Q129: The normal balance of the Accounts Receivable
Q140: When a company pays an amount it
Q177: A transaction is any event that has