What do the following account types fall under DR or CR and under what part of the accounting equation are they entered? I know Assets are a DR and under Assets of course and Liabilities CR under liabilities and Equity CR under SE. But what about Revenue and Expenses

What do the following account types fall under DR or CR and under what part of the accounting equation are they entered? I know Assets are a DR and under Assets of course and Liabilities CR under liabilities and Equity CR under SE. But what about Revenue and Expenses

Name: What do the following account types fall under DR or CR and under what
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: What do the following account types fall under DR or CR and under what part of the accounting equation are they entered?I know Assets are a DR and under Assets of course and Liabilities CR under liabilities and Equity CR under SE.But what about Reven

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

1. Accrued Revenue are considered as what account? 2. Accrued Expenses are expenses already incurred but not yet paid, and considered as what type of account?
What do the accounting equation's elements entail? Give an explanation.
are prepaid expenses and accounts receivable are assets
how do I determine were to enter the amount of each transaction on individual items of the accounting equation.
What are expenses that have been incurred but not recorded in the accounts called? Group of answer choices cost expenses accrued expenses cash expenses accounts receivable
What is accounting explain briefly?
Which of the given series have the same normal balances in the Accounting Equitation? Select one: a. Assets & Expenses b. Assets & Liabilities c. Revenue & Owner's Drawings d. Liabilities & Expenses
Which of the following is considered an asset? A. Accounts Payable B. Accounts Receivable C. Sales Revenue D.Owner's Equity
how do you find the answer to componets of accounting equations