All of the following accounts normally have debit balances except ___ A、Transportation-in. B、Cost of Goods Sold. C、Sales Returns & Allowances. D、Purchase Returns & Allowances.
C.increase in both assets and withdrawals are recorded with a debit D.decreases in liabilities and increase in expenses are recorded with a debit come on学赛,更多试题与答案分享 7.Note payable has a normal beginning balance of $30 000. During the period, new borrowings total $63,000 and th...
Which of the following types of accounts have a normal debit balance? A. assets and liabilities B. liabilities and expenses C. revenues and liabilities D. expenses and dividends Which of the following accounts is increased with a debit? ...
According to the passage, southeastern Native Americans associated red with all of the fol lowing EXCEPT ___. A.fire B.trouble C.blood D.success 点击查看答案 第10题 All of the following are parts of the Sun's atmosphere EXCEPT the___.A.convection zoneB All of the following are parts...
Examples include prepaid expenses, accrued revenue, inventory, and short-term investments. Answer and Explanation: The correct answer is a. prepaid rent. Accounts with debit balances increase with a debit entry, and accounts with credit balances dec...
Accounts with Normal Credit Balances While most accounts in accounting have debit balances, there are several types of accounts that typically have normal credit balances. These accounts represent liabilities, equity, and revenue. Let’s dive into each of these categories and explore some specific exa...
Service fees earned QS 2-3 Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Linking debit or credit with a. Repair Services Revenue e. Owner Capital i. Owner Withdrawals normal balance b. Interest Payable f. Prepaid Insurance j. Unearned ...
When debit balances (i.e. margin debit) in brokerage accounts decrease:A.smart money technicians interpret this as a bearish sign.B.smart money technicians interpret this as a bullish sign.C.contrary-opinion technicians interpret this as a bullish sign.
Example: You are a partner of ABC partnership, which has 3 partners. The partnership has a deposit of S$120,000 with Standard Chartered Bank (Singapore) Limited, and you also have a S$20,000 deposit in your personal account. The partnership account will be insured at the cap of S$100...
You'd debit $800 from the appropriate Asset accounts (in this case, Cash) and credit $800 to the appropriate Asset accounts (in this case, Computers). This way the chart of accounts stays balanced, with the sum of the two entries being zero every time. Five major account types in a...