12. An account to be debited should be firstly determined in recording transaction in the general journal. Which of the following should come first? OA. Cash, when the balance decreases B. Accounts payable, when the balance increases C. Accounts receivable, when the balance decreases D. Rent expense, when the balance increases

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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12. An account to be debited should
be firstly determined in recording
transaction in the general journal.
Which of the following should come
first?*
O A. Cash, when the balance decreases
B. Accounts payable, when the balance
increases
C. Accounts receivable, when the balance
decreases
D. Rent expense, when the balance
increases
Transcribed Image Text:12. An account to be debited should be firstly determined in recording transaction in the general journal. Which of the following should come first?* O A. Cash, when the balance decreases B. Accounts payable, when the balance increases C. Accounts receivable, when the balance decreases D. Rent expense, when the balance increases
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