Question and answer
Any item a business owns that will provide future benefits is called owner's equi
Any item a business owns that will provide future benefits is called an ASSET.
Question|Asked by debbieelaine50@hotmail.com
Asked 1/30/2015 10:29:57 AM
Updated 1/31/2015 9:39:45 AM
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Any item a business owns that will provide future benefits is called an ASSET.
Added 1/31/2015 9:39:45 AM
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Questions asked by debbieelaine50@hotmail.com
The asset account Delivery Equipment is decreased with a
Question|Asked by debbieelaine50@hotmail.com
Updated 1/31/2015 9:45:23 AM
1 Answer/Comment
The asset account Delivery Equipment is decreased with a CREDIT.
Added 1/31/2015 9:45:23 AM
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The expense account Repair Expense is increased with a
Weegy: Expense is the economic costs that a business incurs through its operations to earn revenue. Expenses are the opposite of revenues. [ Examples of expenses include payments to suppliers, employee wages, factory leases and depreciation. Read more: ] (More)
Question|Asked by debbieelaine50@hotmail.com
Updated 1/31/2015 9:46:22 AM
2 Answers/Comments
The expense account Repair Expense is increased with a DEBIT.
Added 1/31/2015 9:46:22 AM
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The revenue account Professional Fees is increased with a
Question|Asked by debbieelaine50@hotmail.com
Updated 1/31/2015 9:47:07 AM
1 Answer/Comment
The revenue account Professional Fees is increased with a CREDIT.
Added 1/31/2015 9:47:07 AM
This answer has been confirmed as correct and helpful.
The liability account Accounts Payable is decreased with a
Question|Asked by debbieelaine50@hotmail.com
Updated 1/31/2015 9:47:45 AM
1 Answer/Comment
The liability account Accounts Payable is decreased with a DEBIT.
Added 1/31/2015 9:47:45 AM
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Indicate the normal balance (debit or credit) for each of the following accounts: Cash
Question|Asked by debbieelaine50@hotmail.com
Updated 1/31/2015 9:44:48 AM
1 Answer/Comment
The normal balance of the Cash account is DEBIT.
Added 1/31/2015 9:44:48 AM
This answer has been confirmed as correct and helpful.
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