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Crediting an expense account decreases it.

提问人:网友maixinwu 发布时间:2022-01-07
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更多“Crediting an expense account d…”相关的问题
第1题
Debits increase asset and expense accounts.
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第2题
A credit entry_______________.

A、increases asset and expense accounts, and decreases liability, owner's capital, and revenue accounts

B、is always a decrease in an account

C、decreases asset and expense accounts, and increases liability, owner's capital, and revenue accounts

D、is recorded on the left side of a T-account

E、is always an increase in an account

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第3题
【单选题】Most children in our country are educated at public __________.

A、expense

B、expensive

C、expensively

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第4题
ABC Inc. Trial Balance December 31 Debit Credit Cash $ 15 Accounts Receivable 25 Equipment 190 Accounts Payable $ 20 Capital Stock 105 Retained Earnings 55 Dividends 10 Service Revenue 185 Salaries Expense 85 Depreciation 25 Supplies Expense 15 ____ $365 $365 What is the balance in income summary before it is closed to retained earnings? ()

A、60

B、50

C、55

D、125

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第5题
ABC Inc. Trial Balance December 31 Debit Credit Cash $ 15 Accounts Receivable 25 Equipment 190 Accounts Payable $ 20 Capital Stock 105 Retained Earnings 55 Dividends 10 Service Revenue 185 Salaries Expense 85 Depreciation 25 Supplies Expense 15 $365 $365 What is the total debits on the after-closing trial balance? ()

A、240

B、365

C、230

D、180

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第6题
ABC Inc. Trial Balance December 31 Debit Credit Cash $ 15 Accounts Receivable 25 Equipment 190 Accounts Payable $ 20 Capital Stock 105 Retained Earnings 55 Dividends 10 Service Revenue 185 Salaries Expense 85 Depreciation 25 Supplies Expense 15 $365 $365 What is the balance in retained earnings at December 31? ()

A、115

B、105

C、55

D、60

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第7题
ABC Inc. Trial Balance December 31 Debit Credit Cash $ 15 Accounts Receivable 25 Equipment 190 Accounts Payable $ 20 Capital Stock 105 Retained Earnings 55 Dividends 10 Service Revenue 185 Salaries Expense 85 Depreciation 25 Supplies Expense 15 $365 $365 Which accounts will appear on the balance sheet? ()

A、retained earnings of $55.

B、dividends of $10.

C、net income of $65.

D、none of the above.

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第8题
ABC Inc. Trial Balance December 31 Debit Credit Cash $ 15 Accounts Receivable 25 Equipment 190 Accounts Payable $ 20 Capital Stock 105 Retained Earnings 55 Dividends 10 Service Revenue 185 Salaries Expense 85 Depreciation 25 Supplies Expense 15 $365 $365 Which accounts are closed to income summary? ()

A、All accounts.

B、Revenue and expenses.

C、Revenue, expenses, and dividends.

D、All accounts that are not nominal.

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第9题
unexpired insurance is an expense account.()

此题为判断题(对,错)。

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第10题
The first credit card was invented by Frank Macnamara.
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