Question and answer
Revenues (Points : 1) decrease liabilities. decrease cash. increase expenses. increase owner's equity.
Revenues increase owner's equity.
s
Expert answered|Victoria123|Points 126|
Question|Asked by pooh89
Asked 5/3/2015 1:45:08 PM
Updated 5/4/2015 5:57:28 AM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Edited by debnjerry [5/4/2015 5:57:27 AM], Confirmed by debnjerry [5/4/2015 5:57:28 AM]
Get an answer
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 pooh89
According to the business entity concept, a proprietor may include nonbusiness assets and liabilities in the business entity's accounting records. (Points : 1) True False
Question|Asked by pooh89
Updated 5/4/2015 6:00:23 AM
1 Answer/Comment
According to the business entity concept, a proprietor may include nonbusiness assets and liabilities in the business entity's accounting records. FALSE
Added 5/4/2015 6:00:23 AM
This answer has been confirmed as correct and helpful.
An increase in a revenue account may also result in an increase in the accounts receivable account. (Points : 1) True False
Weegy: Accounts Receivable is amounts owed by customers to another entity in exchange for goods or services that have been delivered or used, but not yet paid for. User: Recognizing the effects of transactions on assets, liabilities, owner's equity, revenue, and expenses of a business is the processing function. (Points : 1) True False (More)
Question|Asked by pooh89
Updated 6/30/2015 5:30:19 PM
3 Answers/Comments
Recognizing the effects of transactions on assets, liabilities, owner's equity, revenue, and expenses of a business is the processing function. TRUE
Added 6/15/2015 7:47:35 AM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [6/30/2015 5:29:06 PM], Rated good by debnjerry
An increase in a revenue account may also result in an increase in the accounts receivable account. TRUE
Added 6/30/2015 5:30:07 PM
This answer has been confirmed as correct and helpful.
Please check the whole conversation.
Added 6/30/2015 5:30:19 PM
To debit an account is to enter an amount on the left side of the account. (Points : 1) True False
Question|Asked by pooh89
Not Answered
Updated 5/4/2015 5:55:10 AM
1 Answer/Comment
To debit an account is to enter an amount on the left sie of the account. TRUE
Added 5/4/2015 5:55:10 AM
This answer has been confirmed as correct and helpful.
Liability accounts normally have debit balances. (Points : 1) True False
Question|Asked by pooh89
Not Answered
Updated 5/4/2015 5:54:32 AM
1 Answer/Comment
Liability accounts normally have debit balances. FALSE - they normally have credit balances.
Added 5/4/2015 5:54:32 AM
This answer has been confirmed as correct and helpful.
An increase or decrease in any asset, liability, owner's equity, revenue, or expense is always accompanied by an offsetting change within the basic accounting elements. (Points : 1) True False
Question|Asked by pooh89
Updated 6/15/2015 7:06:09 AM
1 Answer/Comment
An increase or decrease in any asset, liability, owner's equity, revenue, or expense is always accompanied by an offsetting change within the basic accounting elements. TRUE
Added 6/15/2015 7:06:09 AM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [6/30/2015 5:30:33 PM], Rated good by debnjerry
31,873,923
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Which of the following correctly describes NIMS
Weegy: A systematic approach to incident management correctly describes NIMS. User: The three NIMS guiding ...
6/26/2020 8:45:13 PM| 3 Answers
True or False : Drunk Drivers kill two to four time more people than ...
Weegy: Drunk drivers kill two to four times more than people than aggressive drivers. FALSE User: True Or False : A ...
7/1/2020 5:10:43 AM| 3 Answers
was is 1 1/3 ×3=
7/2/2020 3:54:11 PM| 3 Answers
Find the product of 543and36.
6/24/2020 4:31:10 AM| 2 Answers
What is $100 – 100¢ ?
Weegy: 20 is 20% of 100.
6/29/2020 8:34:53 PM| 2 Answers
A group of 32 players forms 4 volleyball teams. If there are 96 ...
Weegy: A group of 32 players forms 4 volleyball teams. If there are 96 players, there are 12 teams can be formed. 32 / ...
6/26/2020 7:24:15 AM| 2 Answers
The First Continental Congress sent a petition to King George. What ...
Weegy: The purpose of the petition sent to king George III by the first continental congress was to declare their right ...
6/29/2020 11:32:47 PM| 2 Answers
S
L
Points 605 [Total 1845] Ratings 1 Comments 595 Invitations 0 Offline
S
L
Points 268 [Total 824] Ratings 0 Comments 268 Invitations 0 Offline
S
L
Points 245 [Total 994] Ratings 2 Comments 225 Invitations 0 Offline
S
L
P
Points 194 [Total 4352] Ratings 0 Comments 194 Invitations 0 Online
S
L
R
R
R
Points 148 [Total 3485] Ratings 0 Comments 148 Invitations 0 Offline
S
L
Points 140 [Total 629] Ratings 0 Comments 140 Invitations 0 Offline
S
L
R
Points 95 [Total 2227] Ratings 1 Comments 85 Invitations 0 Online
S
L
Points 94 [Total 120] Ratings 0 Comments 94 Invitations 0 Offline
S
L
P
R
P
R
L
P
P
C
R
P
R
L
P
R
Points 91 [Total 11158] Ratings 1 Comments 81 Invitations 0 Online
S
L
Points 77 [Total 170] Ratings 0 Comments 77 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.