- Which of the following is not a working rule of passive accounts ? a) If they give passive accounts, they either give a remainder or they do not give a remainder. B) Increases in the resources of the enterprise are recorded on the debit side of the passive accounts. NS) Decreases in the resources of the enterprise are recorded on the debit side of the passive accounts. D) Passive accounts are the accounts in which the changes in the resources of the enterprise are monitored. TO) Increases in the resources of the enterprise are recorded on the credit side of the passive accounts.
- Which of the following is not a working rule of passive accounts ? a) If they give passive accounts, they either give a remainder or they do not give a remainder. B) Increases in the resources of the enterprise are recorded on the debit side of the passive accounts. NS) Decreases in the resources of the enterprise are recorded on the debit side of the passive accounts. D) Passive accounts are the accounts in which the changes in the resources of the enterprise are monitored. TO) Increases in the resources of the enterprise are recorded on the credit side of the passive accounts.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following is not a working rule of passive accounts ?
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Step 1 : Introduction
Passive account is an integral part of of accounting.It is a phase wherein there is decrease in purchasing and selling of mutual funds
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