Multiple Choice
Which of the following accounts are debited to record increase in balances?
A) assets and liabilities
B) drawing and liabilities
C) expenses and liabilities
D) assets and expenses
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q40: Debiting the cash account will increase the
Q44: Revenues are equal to the difference between
Q77: The journal includes both debit and credit
Q78: Unearned Revenues account is an example of
Q79: Answer the following questions for each of
Q82: The process of rewriting the information from
Q85: On January 1, 2010, Cary Parsons established
Q173: Which of the following describes the classification
Q191: Depending on the account title, the right
Q197: Journal entries can have more than two