Question and answer
In classifying transactions, which of the following is true in regard to assets? A. Normal balances and increases are debits B. Normal balances and decreases are credits C. Normal balances can either
be debits or credits for assets D. Normal balances are debits and increases can be debits or credits
In classifying transactions the following is true in regard to assets: A. Normal balances and increases are debits.
Get an answer
Original conversation
User: In classifying transactions, which of the following is true in regard to assets? A. Normal balances and increases are debits B. Normal balances and decreases are credits C. Normal balances can either be debits or credits for assets D. Normal balances are debits and increases can be debits or credits

Weegy: In classifying transactions the following is true in regard to assets: A. Normal balances and increases are debits.
debnjerry|Points 28432|

User: Under the accrual basis of accounting A. cash must be received before revenue is recognized B. net income is calculated by matching cash outflows against cash inflows C. events that change a company?s financial statements are recognized in the periodthey occur rather than in the period in which the cash is paid or received D. the ledger accounts must be adjusted to reflect a cash basis of accounting beforefinancial statements are prepared under generally accepted accounting principles

Weegy: C. [ events that change a company?s financial statements are recognized in the periodthey occur rather than in the period in which the cash is paid or received ]
Expert answered|thewolf010|Points 200|

Question
Asked 3/17/2012 9:36:20 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
In terms of sequence, in what order must the four basic financial statements be prepared? User: Which financial statement is used to determine cash generated from operations?
Weegy: a cash flow statement User: In classifying transactions, which of the following is true in regard to assets? Weegy: pls what are the options...thank you (More)
Question
Expert Answered
Asked 3/17/2012 9:29:48 PM
0 Answers/Comments
Given the following adjusted trial balance: Net income for the year is A. $248 B. $135 C. $162 D. $49
Weegy: What is the adjusted trial balance? Please provide the complete question please. (More)
Question
Expert Answered
Updated 3/18/2012 1:28:37 AM
1 Answer/Comment
[Deleted]
Added 3/18/2012 1:28:38 AM
25,307,872 questions answered
Popular Conversations
Which of the following technologies was NOT created during World War ...
Weegy: B. antibiotics User: How did neighboring Arab nations respond to the Israeli declaration of ...
5/23/2016 7:05:36 AM| 3 Answers
What opened relations between China and the United States? A. the ...
Weegy: The Sino-Soviet split opened relations between China and the United States. User: Which of the following ...
5/23/2016 7:26:58 AM| 2 Answers
28) A(n) __________ sells general merchandise directly from the ...
Weegy: A(n) __________ sells general merchandise directly from the manufacturer at a discount; items may be ...
5/23/2016 12:46:13 PM| 2 Answers
The _____ is a measure of the average change in prices of a market ...
Weegy: The consumer price index is a measure of the average change in prices of a market basket of goods and services. ...
5/23/2016 2:22:28 PM| 2 Answers
Weegy Stuff
S
Points 577 [Total 577] Ratings 9 Comments 467 Invitations 2 Offline
S
Points 555 [Total 555] Ratings 10 Comments 455 Invitations 0 Offline
S
Points 490 [Total 490] Ratings 0 Comments 490 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 271 [Total 12523] Ratings 2 Comments 251 Invitations 0 Offline
S
L
P
P
P
Points 166 [Total 3543] Ratings 0 Comments 166 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
L
Points 2 [Total 1756] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 49] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.