These accounts deduct the cost from the purchase discount and leads to deduction in cost from the income statement. Answer and Explanation: C. Purchase Discounts Purchase discounts are an income for the business so it has a credit ...
2.Which of the following types of accounts have a normal credit balance?a.assets and liabilitiesb.liabilities and expensesc.revenues and liabilitiesd.capital and drawing3.The asset created by a business when it makes a sale on account is termeda.accounts payableb.prepaid expensec.unearned ...
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Which of the following accounts has a normal debit balance? a) Sales b) Merchandise Inventory c) Accounts Payable d) Interest Revenue Debits and Credits in Accounting: Journal entries involve the use of debits and credits to differe...
更多“Which of the following accounts normally contain a credit balance? ()”相关的问题 第1题 Johnson Corporation recently borrowed $10,000 cash from the bank. Which of the followi A.Cash B.Land C.Accounts receivable D.Owner's equity ...
A trial balance is made up of a list of debit balances and credit balances. Which of the following statements is correct? A.Every debit balance represents an expense.B.Assets are represented by debit balances.C.Liabilities are represented by debit balances.D.Income is included in the list of...
A suspense account shows a credit balance of 130.This balance could be due to which of the following?? Omitting a sale of 130 from the receivables accountRecording a purchase of 130 twice in the purchases accountFailing to write off a bad debt of 130Recording an electricity bill paid of $...
5 【单选题】(2分) Which accounts will appear on the post-closing trial balance .( ) A.Unearned revenue, prepaid insurance expense, cash B.Consulting revenue, prepaid rent expense, cash C.Consulting revenue, insurance expense, cash D.Unearned revenue, insurance expense, cash 第五章测试 1 【...
Which three of the following types of account would normally have a credit balance on a trial balance? ( ) A .AssetA.LiabilityB.IncomeC.ExpenseD.CapitalE.Delivery outwards的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业搜题找