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The normal balance is a debit in
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Asked 10/29/2013 6:56:30 PM
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User: The normal balance is a debit in

Weegy: Cash is an account used in accounting that has a normal debit balance. Accounting is done using a double-entry method using debits and credits. [ ]


User: To debit an account is to enter an amount on the right side of the account. True False

Weegy: False - debit means left. T/F - An amount recorded on the ... True. T/F - The balance of an account increases on the ... [ The right side of a T account is the debit or ... ]


User: A credit increases asset accounts. True False

Weegy: Asset: a property or a ... True or False? false: a credit (right) entry to an account will always increase the balance of the account. [ True or False? false: ]


User: Liability accounts normally have debit balances. True False

Weegy: Asset Accounts normally have a credit balance. False ... Expense Accounts normally have a debit balance. True ... [ increases the balance of a liability and revenue ... ]


User: Owner's equity accounts normally have credit balances. True False

Weegy: The answer is True
jeifunk|Points 11109|

User: . Revenues increase owner's equity. True False

Weegy: The answer is True
jeifunk|Points 11109|

User: Prepaid Insurance is an expense account. True False

Weegy: True/False: The value of prepaid insurance coverage used during a fiscal period is an expense. False: True/False: ... [ credit each expense account: ]


User: A trial balance is a list of all accounts showing the title and balance of each account. True False

Weegy: FALSE: T&F a trial balance is a report that shows the financial ... [ a list of all the accounts showing the title and balance of each account is called the trial balance: ]


User: Joe paid $70 for utilities for his office. This transaction increases Cash and Utilities Expense. True False

Weegy: Joe paid $70 for utilities for his office. This transaction increases Cash and Utilities Expense. FALSE. This transaction increases Utilities Expense but DECREASES Cash.
Expert answered|debnjerry|Points 51891|

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Asked 10/29/2013 6:56:30 PM
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Questions asked by the same visitor
After each transaction is posted from the general ledger to the accounts receivable subsidiary ledger a slash and a checkmark should be placed in the: a. post ref. column. b. credit column. c. date column. d. debit column.
Weegy: After each transaction is posted from the general ledger to the accounts receivable subsidiary ledger a slash and a checkmark should be placed in the d. debit column (More)
Question
Expert Answered
Updated 6/4/2015 9:39:03 AM
1 Answer/Comment
After each transaction is posted from the general ledger to the accounts receivable subsidiary ledger a slash and a checkmark should be placed in the post. ref. column.
Added 6/4/2015 9:39:02 AM
This answer has been confirmed as correct and helpful.
Totals on the debit and credit sides of an account, entered to determine the balance of the account, are known as: a. rulings. b. credits. c. debits. d. footings. e. revenues.
Question
Updated 11/20/2017 12:29:16 AM
1 Answer/Comment
Totals on the debit and credit sides to determine the balance of an account are known as footings.
Added 11/20/2017 12:29:16 AM
This answer has been confirmed as correct and helpful.
FICA taxes on employee earnings are paid by both the employer and the employee. True False User: Small businesses often hire an accountant or an outside company to handle payroll. True False
Question
Not Answered
Updated 1/20/2018 12:30:50 PM
2 Answers/Comments
FICA taxes on employee earnings are paid by both the employer and the employee. TRUE.
Added 1/20/2018 12:30:35 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [1/21/2018 9:11:48 AM]
Small businesses often hire an accountant or an outside company to handle payroll. TRUE.
Added 1/20/2018 12:30:48 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [1/21/2018 9:11:56 AM]
Accounting terms are used to communicate information about business operations. Therefore, accounting is known as "the language of business." True False User: Classifying is entering financial information about events into the accounting system. True False User: Interpreting is deciding the meaning and importance of the information in various reports. True False
Weegy: Interpreting is deciding the meaning and importance of the information in various reports. TRUE. (More)
Question
Expert Answered
Updated 10/14/2018 11:28:12 AM
2 Answers/Comments
Accounting terms are used to communicate information about business operations. Therefore, accounting is known as "the language of business." TRUE.
Added 10/14/2018 11:27:29 AM
This answer has been confirmed as correct and helpful.
Classifying is entering financial information about events into the accounting system. FALSE.
Added 10/14/2018 11:28:12 AM
This answer has been confirmed as correct and helpful.
Find the degree of the polynomial function. g(x) = -7x3 + 9 A) 0 B) -7 C) 3 D) 4
Question
Updated 8/28/2014 1:52:54 AM
1 Answer/Comment
The degree of the polynomial function g(x) = -7x^3 + 9 is 3.
Added 8/28/2014 1:52:54 AM
This answer has been confirmed as correct and helpful.
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