Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the balance B/D for the Below ledger on 10 1 ma DR Cash CR dout of Select one: BHD Date Details 20 OctoberAccount payable

image text in transcribed
image text in transcribed
Find the balance B/D for the Below ledger on 10 1 ma DR Cash CR dout of Select one: BHD Date Details 20 OctoberAccount payable 27 October Drawing 100 A. Cr BHD 92,850 on 950 Date Details BHD 1 October Beginning balance 30,000 1 October Capital 56,000 Unearned legal 15 October services 3,000 17 October Legal service revenue 4.000 25 October Account receivable 1,400 30 October Account receivable 2,200 29 October Prepaid insurance 2,700 . Cr B 96,600 C. Dr BHD 96,600 D. Dr BHD 92,850 Question 11 Not yet answered Which of the following statement is correct in respect to double entry system rules? Marked out of 3.00 Flag Question Select one: O A A debit decreases liability and equity account balances while a credit increases liability and owner's equity accounts OB. A debit decreases prepaid expense balances while a credit increases prepaid expense accounts C. A credit increases asset and liability accounts, while it decreases owner's equity. D. A debit decreases assets while a credit decreases liability

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Michael Parkin

6th Edition

0321112075, 9780321112071

More Books

Students also viewed these Accounting questions

Question

=+vii. Bullet points to emphasize important ideas.

Answered: 1 week ago