Question and answer
When recording transactions in two or more accounts and the totals of the debits and credits are equal, it’s called A. debiting. B. crediting. C. posting. D. double-entry bookkeeping.
Question
Asked 12/1/2014 12:02:02 AM
Updated 12/1/2014 2:03:32 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [12/1/2014 2:03:32 PM]
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User: When recording transactions in two or more accounts and the totals of the debits and credits are equal, it’s called A. debiting. B. crediting. C. posting. D. double-entry bookkeeping.

Weegy: Double-entry bookkeeping is the accounting practice of recording every transaction in two places. [ ]
Onlineexpert|Points 496|

User: The owner of BobCats R Us paid his personal MasterCard bill using a company check. What is the correct entry to record the transaction? A. Credit Cash; debit Capital B. Credit Cash; debit Supplies Expense C. Credit Cash; debit Withdrawals D. Credit Cash; debit Accounts Receivable

Weegy: The owner of BobCats R Us paid his personal MasterCard bill using a company check. The correct entry to record the transaction is Credit Cash; debit Withdrawals.
Expert answered|Elena15|Points 945|

Question
Asked 12/1/2014 12:02:02 AM
Updated 12/1/2014 2:03:32 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [12/1/2014 2:03:32 PM]
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Questions asked by the same visitor
The left side of any account is the A. debit side. B. credit side. C. ending balance. D. footings.
Question
Updated 12/1/2014 1:11:26 AM
1 Answer/Comment
The left side of any account is the: DEBIT SIDE.
Added 12/1/2014 1:11:26 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [12/1/2014 1:12:10 AM]
A debit increases the balance in all of the following accounts except for which one? A. Cash B. Withdrawals C. Expenses D. Accounts payable
Weegy: A debit increases the balance in all of the following accounts EXCEPT for: ACCOUNTS PAYABLE. User: An account that would be increased by a credit is A. cash. B. accounts receivable. C. utilities expense. D. accounts payable. (More)
Question
Updated 3/28/2015 8:18:07 AM
1 Answer/Comment
An account that would be increased by a credit is accounts payable.
Added 3/28/2015 7:59:48 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/28/2015 8:18:57 AM]
Mary invested cash in her new business. Which effect will this have? A. Increase an asset; increase a liability B. Decrease an asset; increase a liability C. Increase an asset; increase owner’s equity D. Increase an asset; decrease owner’s equity
Weegy: Investing cash in business has the effect of Increase in Asset and Increase in Owner's Equity . (More)
Question
Expert Answered
Updated 11/28/2014 6:32:37 AM
0 Answers/Comments
“PR” in the general journal and general ledger stands for A. per reviewer. B. posting reference. C. prior receipt. D. None of the above
Weegy: PR” in the general journal and general ledger stands for posting reference. (More)
Question
Expert Answered
Updated 12/2/2014 2:21:16 PM
0 Answers/Comments
Posting is performed by transferring information from the journal to the A. ledger. B. trial balance. C. balance sheet. D. income statement.
Question
Updated 12/3/2014 4:42:49 AM
1 Answer/Comment
Posting is performed by transferring information from the journal to the ledger.
Added 12/3/2014 4:42:49 AM
This answer has been confirmed as correct and helpful.
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