Help Which type of account increases with a credit?a) Assetsb) Expensesc) Liabilitiesd) Dividends

Explanation of Assets:Assets are resources owned by a company that provide future economic benefits.…

Answered: Which type of account increases with a…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter2: Analyzing Transactions Into Debit And Credit Parts

Section2.3: Analyzing How Transactions Affect Owner’s Equity Accounts

Problem 5AYU

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Similar questions

What is the impact on the accounting equation when an accounts receivable is collected? A. both sides increase B. both sides decrease C. only the Asset side changes D. the total of neither side changes
Which of the following groups of accounts increase with a credit? Oa. assets, common stock, revenues Ob. common stock, revenues, expenses Oc. liabilities, common stock, revenues
In which of the following types of accounts are increases recorded by credits? Question 8 options: Revenue, Dividends Liability, Revenue Dividends, Asset Expense, Liability
What is an account receivable? O a. Sales O b. Asset Oc. Income O d. Creditors
In which of the following types of accounts are increases recorded by credits? A. revenues and liabilities B. drawing and assets C. expenses and liabilities
Which of the following groups of accounts increase with a credit? a.common stock, revenues, expenses b.liabilities, common stock, revenues c.assets, common stock, revenues d.none of these
Which of the following is a nominal account? a. Retained earnings b. Accounts receivable c. Purchase returns and allowances d. Accumulated depreciation
Under which of the following categories would Accounts Receivable appear? A. long−term assets B. current assets C. long−term liabilities D. current liabilities
We credit Dividends Payable on: a. Payment date. b. Record date.c. Declaration date. d. Never.
Which of the following are increased by credits?: a) revenues and gains b) expenses and losses c) assets d) dividends
Which of the following accounts is increased by a debit? Common Stock Accounts Payable Inventory Service Revenue Long-Term Debt
Interest earned is a [A] personal account [B] real account [C] nominal account [D] Intangible real account

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Which type of account increases with a credit? a) Assets b) Expenses c) Liabilities d) Dividends