Rules of debit and credit and normal balances Obj. 2 State for each account whether it is
Question:
Rules of debit and credit and normal balances Obj. 2 State for each account whether it is likely to have
(a) debit entries only,
(b) credit entries only, or
(c) both debit and credit entries. Also, indicate its normal balance.
1. Accounts Payable 2. Cash 3. Dividends 4. Miscellaneous Expense 5. Insurance Expense 6. Fees Earned AppendixLO1
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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