The Accounts Payable account is a(n) ___ account and carries a ___ normal balance. A. liability; debit B. asset; debit C. liability; credit D. asset; credit Balance sheet: A balance sheet is the presentation of ac...
Does the Accounts Payable account have a normal balance of a debit or a credit? How to calculate allowance for doubtful accounts balance? If you credit an account with a normal debit balance, what happens? Accounts Receivable a. Debit b. Credit c. Not applicable ...
F7:133题这里,为什么current liability的debit balance是表示underprovision呢?current liability属于负债类账户,其debit balance应该表示负的债务,也就是overprovision才对啊? 网校学员音之续**在学习ACCA特许公认会计师F段+OBU本科学位班【签约班】时提出了此问题,已有2人帮助了TA。 网校助教 melaniet6fqa 同学你好,...
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...
8 A limited liability company’s trial balance does not balance. The totals are:Debit $384,030Credit $398,580A suspense account is opened for the difference.Which of the following pairs of errors could clear the balance on the suspense account when corrected? 相关知识点: 试题来源: 解析...
A contra-liability account is a liability account in which the balance is expected to be a debit balance. Since a debit balance in a liability account is contrary to the normal credit balance, the account is referred to as a contra-liability account. Examples of Contra-Liability Accounts Some...
百度试题 题目account, which is the debit balance account, is a contra–liability account.相关知识点: 试题来源: 解析 Discount on bonds payable 反馈 收藏
Deferred revenue is revenue received for services or goods to be delivered in the future. Deferred revenue is recorded as a short-term liability on a company's balance sheet. Money received for the future product or service is recorded as a debit to cash on the balance sheet. ...
are using anaccrual method of accounting. They require a debit to one of your expense accounts, and a credit to the accrued liability account. This is then reversed when you make a payment with a credit to the expense or cash account. As well as a debit to the accrued liability account...
8 A limited liability company’s trial balance does not balance. The totals are: Debit $384,030 Credit $398,580 A suspense account is opened for the difference. Which of the following pairs of errors could clear the balance on the suspense account when corrected?查看答案...