Question
Which of the following accounts decreases with a credit? A) Cash B) Common Stock C) Accounts Payable D) Unearned Revenue Which of the following accounts
Which of the following accounts decreases with a credit?
A) Cash
B) Common Stock
C) Accounts Payable
D) Unearned Revenue
Which of the following accounts increases with a debit?
A) Prepaid Rent
B) Interest Payable
C) Accounts Payable
D) Common Stock
Which one of the following account groups will decrease with adebit?
A) assets and expenses
B) revenues and expenses
C) liabilities and revenues
D) assets and liabilities
Which of the following statements is true of expenses?
A) Expenses increase equity, so an expense account's normal balanceis a credit balance.
B) Expenses decrease equity, so an expense account's normal balanceis a credit balance.
C) Expenses increase equity, so an expense account's normal balanceis a debit balance.
D) Expenses decrease equity, so an expense account's normal balanceis a debit balance.
Which one of the following account groups normally has a creditbalance?
A) assets and liabilities
B) equity and assets
C) liabilities and revenues
D) assets and expenses
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