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Debits are used to record (Points : 4) a.increases in assets. b. increases in revenue. c.increases in owner's equity. d. increases in liabilities.
Debits are used to record - - a. INCREASE IN ASSETS.
Expert answered|yumdrea|Points 3774|
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Asked 1/11/2014 4:42:20 PM
Updated 1/11/2014 9:56:13 PM
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This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [1/11/2014 9:56:13 PM]
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Questions asked by the same visitor
Business papers, such as checks, invoices, receipts, letters, and memos, that furnish proof that a transaction has taken place are called (Points : 2) a. ledgers b. source documents c.debit entries d. accounts
Weegy: Business papers, such as checks, invoices, receipts, letters, and memos, that furnish proof that a transaction has taken place are called: b. source documents. (More)
Question
Expert Answered
Updated 1/11/2014 6:52:29 PM
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Assets and liabilities are reported on (Points : 4) a. the balance sheet. b.c.the income statement. the statement of owner's equity. d. both the balance sheet and the income statement
Weegy: Assets and liabilities are reported on: A. the balance sheet. (More)
Question
Expert Answered
Updated 1/18/2014 4:52:17 PM
0 Answers/Comments
Revenues and expenses are reported on the (Points : 4) a. balance sheet b. income statement c.statement of owner's equity
Question
Not Answered
Updated 1/18/2014 4:50:56 PM
1 Answer/Comment
Revenues and expenses are reported on the INCOME STATEMENT.
Added 1/18/2014 4:50:56 PM
This answer has been confirmed as correct and helpful.
When an entry is made in the general journal, (Points : 4) a.assets should be listed first. b. accounts to be debited should be listed first. c. accounts to be increased should be listed first. d. accounts may be listed in any order
Question
Not Answered
Updated 3/6/2016 8:15:05 AM
1 Answer/Comment
When an entry is made in the general journal, accounts to be debited should be listed first.
Added 3/6/2016 8:15:05 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [3/6/2016 8:18:39 PM]
Which of the following would cause the Trial Balance to be out of balance? (Points : 4) a. Placing the Capital account balance in the Credit column b. Placing the Equipment account balance in the Debit column c. Placing the Rent Expense account balance in the Debit column d. Placing the Accounts Receivable balance in the Credit column
Weegy: account, which reduces accounts receivable, with a corresponding debit to bad debt expense ... it in balance and clears it out ... [ owe, the credit column on a T-Account ... (More)
Question
Expert Answered
Updated 1/11/2014 6:45:36 PM
1 Answer/Comment
Placing the Accounts Receivable balance in the Credit column
would cause the Trial Balance to be out of balance.
Added 1/11/2014 6:45:32 PM
This answer has been confirmed as correct and helpful.
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