Multiple Choice
A debit may signify a(n)
A) decrease in an asset account
B) decrease in a liability account
C) increase in the retained earnings account
D) decrease in the dividends account
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q107: Which of the following will decrease retained
Q108: The unearned revenues account is an example
Q113: Listed below are accounts to use for
Q115: The classification and normal balance of the
Q132: Which of the following errors will cause
Q156: The order of the flow of accounting
Q215: A group of related accounts that make
Q217: Liabilities are debts owed by the business
Q220: The totals at the bottom of the
Q230: The normal balance of revenue accounts is