Multiple Choice
A credit entry is made to:
A) Decrease an expense,increase income,and increase equity
B) Decrease an asset,increase a liability,and decrease equity
C) Increase an asset,decrease a liability,and decrease equity
D) Decrease an asset,decrease a liability,and increase equity
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q10: The bookkeeper recorded wages for the month
Q11: Quinn paid $440,including GST,for advertising.The entry
Q12: Creol Soaps requires its customers to pay
Q13: The statement relating to a trial balance
Q14: The true statement concerning the accounting period
Q16: A _ _ is a list of
Q17: Machinery is purchased on credit for
Q18: A party to whom the entity owes
Q19: A firm borrows $4000 cash from the
Q20: The accounting entry when income is earned