Multiple Choice
Which of the following rules is correct?
A) Increases in assets are credits.
B) Increases in expenses are credits.
C) Increases in equity are credits.
D) Increases in liabilities are debits.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q41: Which of the following transactions could explain
Q42: The _ _ is the accounting principle
Q43: An owner pays her private motor vehicle
Q44: Assets should always be:<br>A) equal to liabilities.<br>B)
Q45: For the accounting equation to balance each
Q47: A _ account is used to summarise
Q48: The numbers below represent the difference between
Q49: A business purchasing inventory on credit creates
Q50: A worksheet is a _ spreadsheet used
Q51: A business paid $1255 for employees' wages