When there is Debit, some accounts increase and some decrease. Which among the following accounts will increase with a debit? O a Accounts payable • b. Furniture Oc Capital Od. Service revenue Clear my choice

When there is Debit, some accounts increase and some decrease. Which among the following accounts will increase with a debit? O a Accounts payable • b. Furniture Oc Capital Od. Service revenue Clear my choice

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Best choice

When there is Debit, some accounts increase and
some decrease. Which among the following
accounts will increase with a debit?
O a. Accounts payable
O b. Furniture
Oc Capital
O d. Service revenue
Clear my choice
The business incurs some liability. Which of the
following is an example of liability?
O a cash.
O b. Salary paid
•c. unearned revenue
Od. prepaid insurance.
Clear my choice

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